ASIA/PACIFIC GROUP ON MONEY LAUNDERING Nauru ME1 Mutual Evaluation Report Anti-Money Laundering and Combating the Financing of Terrorism Republic of Nauru July 2012 Nauru is a member of the Asia/Pacific Group on Money Laundering (APG). This evaluation was conducted by the APG and was adopted as a 1st mutual evaluation by its Plenary on 18 July 2012. 2012 ASIA/PACIFIC GROUP ON MONEY LAUNDERING. All rights reserved. No reproduction or translation of this publication may be made without prior written permission. Requests for permission to further disseminate, reproduce or translate all or part of this publication should be obtained from the APG Secretariat, Locked Bag A3000, Sydney South, NSW 1232, Australia. (Telephone: +612 9277 0600 Fax: +612 9277 0606 Email:
[email protected]) 2 CONTENTS Page Acronyms ................................................................................................................................................ 5 Preface .................................................................................................................................................... 6 Executive Summary ................................................................................................................................ 7 1. GENERAL ..................................................................................................................................... 15 1.1. General information on Nauru ........................................................................................ 15 Structural elements