Money laundering is a serious threat to most Member States in the region, due to the existence of cash based economies and a combination of deficient legal frameworks, weak border controls, poor regulatory mechanisms, and a lack of law enforcement, judicial and regulatory capacities.
A number of jurisdictions take the view that as they do not have terrorism, they are not vulnerable to terrorist financing. This view is slowly changing due to UNODC's work carried out in recent years in partnership with others, including the Asia Pacific Group on Money Laundering (APG). What we do:
UNODC strengthens anti-money laundering efforts in the region by collaborating with global bodies and regional agencies to address the gaps outlined above.