Asia Pacific Group removes Russia's observer status over Ukraine war

Citing Russia's ongoing aggression in Ukraine, the Asia Pacific Group (APG) on Money Laundering revoked Moscow's observer status, the Economic Times reported on Wednesday. The decision to remove Russia's status was taken last month in Malaysia during the annual meeting of the APG, which has India, China, and Pakistan as its key members. 

Russia was one of the APG observers since 2010. 

"The decision to terminate its APG status was based on the Financial Action Task Force's June 2022 decision to restrict its FATF membership rights. Should the Russian Federation wish to re-establish its APG observer status in the future,