Japan targets money laundering
JAPAN will strengthen the capabilities of Pacific countries to target money laundering activities in the
money laundering
PNG Central Bank Chief appointed amid money laundering investigation
Elizabeth Genia was appointed governor of the Bank of Papua New Guinea despite fighting in court to block a police investigation into suspected money laundering. She has not been charged. The acting head of Papua New
De-banking having a ‘severe impact’ on Pacific Islanders
The region’s economic ministers say the expiry of correspondent banking relationships (CBR) is having a severe impact on the lives of Pacific Islanders, including seasonal workers, micro, small, and medium
PNG facing downgrade, says Popoitai
Frustrated by the lack of prosecution of financially-motivated crime cases, Bank of PNG has warned that the country’s global standing and cost of banking could be affected as a result. Bank of Papua New Guinea acting
Protect the Poor when fighting money laundering in the Pacific
The risk of “de-risking” – the process of international banks disassociating from financial partners, such as small remittance providers and local banks – is that it could push people out of the
UN States seek teeth and sting in the corruption fight
Transnational crime syndicates including those that work in the underworld market of money laundering would have been anxious over moves in the United Nations to add more teeth into its convention against corruption
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