Current account and public finances Per cent of GDP 12  12 Government net lending Current account  8  8  4  4  0  0  -4  -4  -8  -8  -12  -12 90  92  94  96  98  00  Note. Broken lines represent the Riksbank’ s forecasts. 02  04  06  08  10  12  Sources: Statistics Sweden and the Riksbank  22. Low repo rate over long period of time Per cent, quarterly average 7  7  6  6  90% 75% 50% Repo rate  5  5  4  4  3  3  2  2  1  1  0  0  -1  -1  -2  -2 04  05  06  07  08  09  10  11  Note. The uncertainty interval is calculated using historical forecasting errors. 18  12  Source: The Riksbank  BIS Review 98/2009  23.
When a criminal activity generates substantial profits, the individual or group involved must find a way to control the funds without attracting attention to the underlying activity or the persons involved. Criminals do this by disguising the sources, changing the forms of the funds, or moving the said funds to a place where they are less likely to attract attention. In response to mounting concern over money laundering, the Financial Action Task Force on money laundering (FATF) was established by the G-7 Summit in Paris in 1989 to develop a coordinated international response. One of the first task of the FATF was to develop Recommendations, (40 in all, plus 9 Special Recommendations) which set out the measures national governments should take to implement effective anti-money laundering programs. The FATF works closely with other international bodies involved in fight against money laundering. And, one of those international organizations is the Asia Pacific Group on Money Laundering (the APG) in which Samoa is a member. The APG was officially established as an autonomous regional anti-money laundering body in February 1997 for Asia and the Pacific region at the Fourth Asia/Pacific Money Laundering Symposium in Bangkok, Thailand. This was the culmination of a process of “awareness raising” in the Asia Pacific region initiated by the FATF as part of its global strategy. To date, the APG has 39 member countries and a number of international and regional observers, including the United Nations, the IMF and the World Bank.