Publication:
Papua New Guinea - Anti-Money Laundering and Combating the Financing of Terrorism : Mutual Evaluation Report
dc.contributor.author | World Bank | |
dc.date.accessioned | 2013-02-27T22:28:11Z | |
dc.date.available | 2013-02-27T22:28:11Z | |
dc.date.issued | 2011-07 | |
dc.description.abstract | Papua New Guinea (PNG) faces very serious risks of Money laundering (ML) from various criminal activities including domestic corruption (misappropriation of public funds), which is considered a serious problem. PNG is experiencing rapid economic growth, very large scale foreign investment and an escalating crime rate. While the Financial Intelligence Unit (FIU) is building its capacity, there is no clear political level commitment to 'follow the money' to tackle corruption and other crimes, and no demonstrated commitment to regulate and supervise AML obligations by financial sector regulators, which severely hampers the authorities ability to tackle financial aspects of corruption. Misappropriation of government funds occurs using government payments which, according to the authorities, are generally placed through the banking sector in PNG and used to purchase real estate, high-value vehicles, distributed in cash or moved offshore. This report provides a summary of the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures in place in PNG at the time of the mission or shortly thereafter. The report was produced by the World Bank as part of the Financial Sector Assessment Program (FSAP) of PNG. | en |
dc.identifier | http://documents.worldbank.org/curated/en/2011/07/16281972/papua-new-guinea-anti-money-laundering-combating-financing-terrorism-mutual-evaluation-report | |
dc.identifier.uri | http://hdl.handle.net/10986/12563 | |
dc.language | English | |
dc.language.iso | en_US | |
dc.publisher | Washington, DC | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo/ | |
dc.subject | ABUSE | |
dc.subject | ACCESS TO INFORMATION | |
dc.subject | ACCESS TO RESOURCES | |
dc.subject | ACCESSIBLE CREDIT | |
dc.subject | ACCOUNTABILITY | |
dc.subject | ANTI-CORRUPTION | |
dc.subject | ANTI-MONEY LAUNDERING | |
dc.subject | ASSETS | |
dc.subject | AUDITOR | |
dc.subject | BANK ACCOUNT | |
dc.subject | BANK ACCOUNTS | |
dc.subject | BANK FINANCE COMPANIES | |
dc.subject | BANKING ASSETS | |
dc.subject | BANKING FEES | |
dc.subject | BANKING SECTOR | |
dc.subject | BANKING SECTOR ASSETS | |
dc.subject | BANKING SERVICES | |
dc.subject | BANKS | |
dc.subject | BEST PRACTICES | |
dc.subject | BRIBE | |
dc.subject | BRIBERY | |
dc.subject | BRIBES | |
dc.subject | BROKER | |
dc.subject | BROKERS | |
dc.subject | BUSINESS LIFE | |
dc.subject | BUSINESS PEOPLE | |
dc.subject | CASH TRANSACTION | |
dc.subject | CENTRAL BANK | |
dc.subject | CENTRAL SECURITIES DEPOSITORY | |
dc.subject | CHECKS | |
dc.subject | CIVIL SOCIETY | |
dc.subject | COLLUSION | |
dc.subject | COMMERCIAL BANK | |
dc.subject | COMMERCIAL BANKS | |
dc.subject | COMMERCIAL LAWS | |
dc.subject | COMMODITY PRICE | |
dc.subject | COMMODITY PRICES | |
dc.subject | COMMON LAW | |
dc.subject | COMPLAINTS | |
dc.subject | CONFIDENCE | |
dc.subject | CONFIDENTIALITY | |
dc.subject | CORPORATION FINANCE | |
dc.subject | CORRUPT | |
dc.subject | CORRUPT OFFICIALS | |
dc.subject | CORRUPT PRACTICES | |
dc.subject | CORRUPTION | |
dc.subject | CORRUPTION OFFENCES | |
dc.subject | CORRUPTION PERCEPTION | |
dc.subject | CORRUPTION PERCEPTION INDEX | |
dc.subject | CPI | |
dc.subject | CPI SCORE | |
dc.subject | CRIME | |
dc.subject | CRIMES | |
dc.subject | CRIMINAL | |
dc.subject | CRIMINAL LAWS | |
dc.subject | CRIMINAL LIABILITY | |
dc.subject | CRIMINALITY | |
dc.subject | CURRENCY | |
dc.subject | CURRENCY EXCHANGE | |
dc.subject | DECENTRALIZATION | |
dc.subject | DEPOSIT | |
dc.subject | DEPOSITS | |
dc.subject | DEVELOPING COUNTRY | |
dc.subject | DEVELOPMENT ASSISTANCE | |
dc.subject | DEVELOPMENT BANK | |
dc.subject | DISCLOSURE REQUIREMENTS | |
dc.subject | DISPUTE RESOLUTION | |
dc.subject | DOMESTIC MARKET | |
dc.subject | DUE DILIGENCE | |
dc.subject | ECONOMIC GROWTH | |
dc.subject | ELECTRONIC PAYMENT | |
dc.subject | ELECTRONIC PAYMENT SYSTEMS | |
dc.subject | ENFORCEMENT AGENCIES | |
dc.subject | ENTREPRENEURS | |
dc.subject | EQUALITY | |
dc.subject | EQUIPMENT | |
dc.subject | ETHNIC GROUP | |
dc.subject | EXCHANGE CONTROLS | |
dc.subject | EXPENDITURE | |
dc.subject | EXPENDITURES | |
dc.subject | EXPLOITATION | |
dc.subject | EXTRADITION | |
dc.subject | FIGHT AGAINST CORRUPTION | |
dc.subject | FINANCIAL ASSETS | |
dc.subject | FINANCIAL CRIMES | |
dc.subject | FINANCIAL CRISIS | |
dc.subject | FINANCIAL INSTITUTION | |
dc.subject | FINANCIAL INSTITUTIONS | |
dc.subject | FINANCIAL INTELLIGENCE | |
dc.subject | FINANCIAL INTELLIGENCE UNIT | |
dc.subject | FINANCIAL MARKETS | |
dc.subject | FINANCIAL SECTOR | |
dc.subject | FINANCIAL SECTOR ASSESSMENT | |
dc.subject | FINANCIAL SECTOR REFORMS | |
dc.subject | FINANCIAL SERVICE | |
dc.subject | FINANCIAL SERVICE PROVIDERS | |
dc.subject | FINANCIAL SERVICES | |
dc.subject | FINANCIAL SUPPORT | |
dc.subject | FINANCIAL SYSTEM | |
dc.subject | FOREIGN EXCHANGE | |
dc.subject | FOREIGN FUNDS | |
dc.subject | FOREIGN INVESTMENT | |
dc.subject | FRAUD | |
dc.subject | GANGS | |
dc.subject | GOOD GOVERNANCE | |
dc.subject | GOVERNMENT ASSETS | |
dc.subject | GOVERNMENT BONDS | |
dc.subject | GOVERNMENT FUNDS | |
dc.subject | GOVERNMENT OFFICIALS | |
dc.subject | GROSS DOMESTIC PRODUCT | |
dc.subject | HOLDING | |
dc.subject | HUMAN DEVELOPMENT | |
dc.subject | HUMAN RESOURCES | |
dc.subject | HUMAN RIGHTS | |
dc.subject | INDIRECT IMPACT | |
dc.subject | INEQUALITY | |
dc.subject | INFLATION | |
dc.subject | INFLATIONARY PRESSURES | |
dc.subject | INFORMATION SHARING | |
dc.subject | INFORMATION TECHNOLOGY | |
dc.subject | INSTITUTIONAL INVESTORS | |
dc.subject | INSURANCE | |
dc.subject | INSURANCE INDUSTRY | |
dc.subject | INSURANCE MARKET | |
dc.subject | INSURANCE PENETRATION | |
dc.subject | INTANGIBLE | |
dc.subject | INTEGRITY | |
dc.subject | INTERNAL CONTROL | |
dc.subject | INTERNAL CONTROLS | |
dc.subject | INTERNATIONAL INSURANCE | |
dc.subject | INTERNATIONAL STANDARDS | |
dc.subject | INVESTIGATION | |
dc.subject | INVESTIGATIONS | |
dc.subject | INVESTIGATIVE BODIES | |
dc.subject | INVESTMENT FINANCE | |
dc.subject | INVESTOR CONFIDENCE | |
dc.subject | IRREGULAR INCOME | |
dc.subject | JUDICIAL SYSTEM | |
dc.subject | JUSTICE | |
dc.subject | LANDHOLDERS | |
dc.subject | LANDOWNERS | |
dc.subject | LAW ENFORCEMENT | |
dc.subject | LAWYERS | |
dc.subject | LEADERSHIP | |
dc.subject | LEADERSHIP CODE | |
dc.subject | LEGAL FRAMEWORK | |
dc.subject | LEGAL FRAMEWORKS | |
dc.subject | LEGAL SYSTEM | |
dc.subject | LEGAL SYSTEMS | |
dc.subject | LEVY | |
dc.subject | LIBEL | |
dc.subject | LIFE INSURANCE | |
dc.subject | LIFE INSURANCE COMPANIES | |
dc.subject | LIFE INSURANCE COMPANY | |
dc.subject | LOAN | |
dc.subject | MARKET CAPITALIZATION | |
dc.subject | MARKET INTERMEDIARIES | |
dc.subject | MEDIA | |
dc.subject | MICROFINANCE | |
dc.subject | MICROFINANCE INSTITUTIONS | |
dc.subject | MINISTER | |
dc.subject | MINISTERS | |
dc.subject | MISAPPROPRIATION | |
dc.subject | MONEY LAUNDERING | |
dc.subject | MUTUAL LEGAL ASSISTANCE | |
dc.subject | NATIONAL INTEGRITY | |
dc.subject | NATIONAL INTEGRITY SYSTEMS | |
dc.subject | NEGOTIABLE INSTRUMENTS | |
dc.subject | NOTARIES | |
dc.subject | OFFICE HOLDERS | |
dc.subject | OPEN ECONOMY | |
dc.subject | PATRONAGE | |
dc.subject | PAYMENT SERVICES | |
dc.subject | PAYMENTS SERVICES | |
dc.subject | PENALTIES | |
dc.subject | PENALTY | |
dc.subject | PEOPLES | |
dc.subject | POLICE | |
dc.subject | POLITICAL STABILITY | |
dc.subject | PORTFOLIOS | |
dc.subject | POST OFFICE | |
dc.subject | PROSECUTION | |
dc.subject | PROSECUTOR | |
dc.subject | PROSECUTORS | |
dc.subject | PUBLIC FINANCE | |
dc.subject | PUBLIC FINANCES | |
dc.subject | PUBLIC FUNDS | |
dc.subject | PUBLIC SPENDING | |
dc.subject | PUBLIC-PRIVATE PARTNERSHIPS | |
dc.subject | RAPID ECONOMIC GROWTH | |
dc.subject | REAL ESTATE | |
dc.subject | RECEIPTS | |
dc.subject | REGISTRATION REQUIREMENTS | |
dc.subject | REGULATOR | |
dc.subject | REGULATORS | |
dc.subject | REGULATORY FRAMEWORK | |
dc.subject | REMEDY | |
dc.subject | REMITTANCE | |
dc.subject | REMITTANCE SERVICE | |
dc.subject | REMITTANCES | |
dc.subject | RESERVES | |
dc.subject | RETURN | |
dc.subject | ROBBERIES | |
dc.subject | ROBBERY | |
dc.subject | RULE OF LAW | |
dc.subject | SANCTION | |
dc.subject | SANCTIONS | |
dc.subject | SAVINGS | |
dc.subject | SECONDARY MARKETS | |
dc.subject | SECURITIES | |
dc.subject | SECURITIES EXCHANGE | |
dc.subject | SECURITIES MARKET | |
dc.subject | SEIZURE | |
dc.subject | SETTLEMENT | |
dc.subject | SETTLEMENT SYSTEM | |
dc.subject | SHARE OF ASSETS | |
dc.subject | SHAREHOLDERS | |
dc.subject | STOCK EXCHANGE | |
dc.subject | STRUCTURAL PROBLEM | |
dc.subject | SUPERVISORY AUTHORITIES | |
dc.subject | SUPERVISORY POWERS | |
dc.subject | TAX | |
dc.subject | TAX EXEMPTION | |
dc.subject | TERRORISM | |
dc.subject | THEFT | |
dc.subject | TRADING | |
dc.subject | TRANSACTION | |
dc.subject | TRANSPARENCY | |
dc.subject | TREASURY | |
dc.subject | TREATY | |
dc.subject | TRUSTEES | |
dc.subject | UNION | |
dc.subject | URBAN AREAS | |
dc.subject | VALUE TRANSFER | |
dc.subject | VILLAGE | |
dc.subject | VIOLENCE | |
dc.subject | WIRE TRANSFER | |
dc.title | Papua New Guinea - Anti-Money Laundering and Combating the Financing of Terrorism : Mutual Evaluation Report | en |
dspace.entity.type | Publication | |
okr.date.disclosure | 2012-05-23 | |
okr.doctype | Economic & Sector Work :: Other Social Protection Study | |
okr.doctype | Economic & Sector Work | |
okr.docurl | http://documents.worldbank.org/curated/en/2011/07/16281972/papua-new-guinea-anti-money-laundering-combating-financing-terrorism-mutual-evaluation-report | |
okr.globalpractice | Finance and Markets | |
okr.globalpractice | Governance | |
okr.globalpractice | Trade and Competitiveness | |
okr.identifier.externaldocumentum | 000386194_20120524010945 | |
okr.identifier.internaldocumentum | 16281972 | |
okr.identifier.report | 68778 | |
okr.language.supported | en | |
okr.pdfurl | http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/24/000386194_20120524010945/Rendered/PDF/687780ESW0P12400Terrorism0July02011.pdf | en |
okr.region.administrative | East Asia and Pacific | |
okr.sector | Public Administration, Law, and Justice :: Law and justice | |
okr.sector | Public Administration, Law, and Justice :: General public administration sector | |
okr.sector | Finance :: General finance sector | |
okr.theme | Rule of law :: Other rule of law | |
okr.theme | Trade and integration :: Regional integration | |
okr.topic | Finance and Financial Sector Development :: Debt Markets | |
okr.topic | Banks and Banking Reform | |
okr.topic | Private Sector Development :: Emerging Markets | |
okr.topic | Finance and Financial Sector Development :: Access to Finance | |
okr.topic | Public Sector Corruption and Anticorruption Measures | |
okr.topic | Public Sector Development | |
okr.unit | Financial Market Integrity (FFSFI) | |
okr.volume | 1 of 1 |
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