BSP and FASU clash over alleged money laundering warning

The Bank South Pacific Financial Group Ltd (BSP) has always complied with its anti-money laundering and counter-terrorist financing (CTF) obligations in Papua New Guinea, says chairman Sir Kostas Constantinou. He made

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BSP considers legal options over alleged money laundering warning

Bank South Pacific says it is considering its legal options after the Bank of Papua New Guinea formally cautioned it over what the central bank believes is “contrary conduct under the anti money laundering/counter

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PNG growth may be unstable due to second wave: BSP

Bank South Pacific says while PNG’s 2021 economic growth is projected to recover to 3.5%, growth “may be unstable owing to external and domestic factors and strong headwinds from the COVID-19

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