Publication:
Papua New Guinea - Anti-Money Laundering and Combating the Financing of Terrorism : Mutual Evaluation Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-02-27T22:28:11Z
dc.date.available2013-02-27T22:28:11Z
dc.date.issued2011-07
dc.description.abstractPapua 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.identifierhttp://documents.worldbank.org/curated/en/2011/07/16281972/papua-new-guinea-anti-money-laundering-combating-financing-terrorism-mutual-evaluation-report
dc.identifier.doi10.1596/12563
dc.identifier.urihttps://hdl.handle.net/10986/12563
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectABUSE
dc.subjectACCESS TO INFORMATION
dc.subjectACCESS TO RESOURCES
dc.subjectACCESSIBLE CREDIT
dc.subjectACCOUNTABILITY
dc.subjectANTI-CORRUPTION
dc.subjectANTI-MONEY LAUNDERING
dc.subjectASSETS
dc.subjectAUDITOR
dc.subjectBANK ACCOUNT
dc.subjectBANK ACCOUNTS
dc.subjectBANK FINANCE COMPANIES
dc.subjectBANKING ASSETS
dc.subjectBANKING FEES
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR ASSETS
dc.subjectBANKING SERVICES
dc.subjectBANKS
dc.subjectBEST PRACTICES
dc.subjectBRIBE
dc.subjectBRIBERY
dc.subjectBRIBES
dc.subjectBROKER
dc.subjectBROKERS
dc.subjectBUSINESS LIFE
dc.subjectBUSINESS PEOPLE
dc.subjectCASH TRANSACTION
dc.subjectCENTRAL BANK
dc.subjectCENTRAL SECURITIES DEPOSITORY
dc.subjectCHECKS
dc.subjectCIVIL SOCIETY
dc.subjectCOLLUSION
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL LAWS
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCOMMON LAW
dc.subjectCOMPLAINTS
dc.subjectCONFIDENCE
dc.subjectCONFIDENTIALITY
dc.subjectCORPORATION FINANCE
dc.subjectCORRUPT
dc.subjectCORRUPT OFFICIALS
dc.subjectCORRUPT PRACTICES
dc.subjectCORRUPTION
dc.subjectCORRUPTION OFFENCES
dc.subjectCORRUPTION PERCEPTION
dc.subjectCORRUPTION PERCEPTION INDEX
dc.subjectCPI
dc.subjectCPI SCORE
dc.subjectCRIME
dc.subjectCRIMES
dc.subjectCRIMINAL
dc.subjectCRIMINAL LAWS
dc.subjectCRIMINAL LIABILITY
dc.subjectCRIMINALITY
dc.subjectCURRENCY
dc.subjectCURRENCY EXCHANGE
dc.subjectDECENTRALIZATION
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISPUTE RESOLUTION
dc.subjectDOMESTIC MARKET
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC GROWTH
dc.subjectELECTRONIC PAYMENT
dc.subjectELECTRONIC PAYMENT SYSTEMS
dc.subjectENFORCEMENT AGENCIES
dc.subjectENTREPRENEURS
dc.subjectEQUALITY
dc.subjectEQUIPMENT
dc.subjectETHNIC GROUP
dc.subjectEXCHANGE CONTROLS
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPLOITATION
dc.subjectEXTRADITION
dc.subjectFIGHT AGAINST CORRUPTION
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CRIMES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTELLIGENCE
dc.subjectFINANCIAL INTELLIGENCE UNIT
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR ASSESSMENT
dc.subjectFINANCIAL SECTOR REFORMS
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SERVICE PROVIDERS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEM
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN FUNDS
dc.subjectFOREIGN INVESTMENT
dc.subjectFRAUD
dc.subjectGANGS
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNMENT ASSETS
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT FUNDS
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOLDING
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN RESOURCES
dc.subjectHUMAN RIGHTS
dc.subjectINDIRECT IMPACT
dc.subjectINEQUALITY
dc.subjectINFLATION
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMATION SHARING
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE PENETRATION
dc.subjectINTANGIBLE
dc.subjectINTEGRITY
dc.subjectINTERNAL CONTROL
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL INSURANCE
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTIGATION
dc.subjectINVESTIGATIONS
dc.subjectINVESTIGATIVE BODIES
dc.subjectINVESTMENT FINANCE
dc.subjectINVESTOR CONFIDENCE
dc.subjectIRREGULAR INCOME
dc.subjectJUDICIAL SYSTEM
dc.subjectJUSTICE
dc.subjectLANDHOLDERS
dc.subjectLANDOWNERS
dc.subjectLAW ENFORCEMENT
dc.subjectLAWYERS
dc.subjectLEADERSHIP
dc.subjectLEADERSHIP CODE
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL FRAMEWORKS
dc.subjectLEGAL SYSTEM
dc.subjectLEGAL SYSTEMS
dc.subjectLEVY
dc.subjectLIBEL
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIFE INSURANCE COMPANY
dc.subjectLOAN
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET INTERMEDIARIES
dc.subjectMEDIA
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMINISTER
dc.subjectMINISTERS
dc.subjectMISAPPROPRIATION
dc.subjectMONEY LAUNDERING
dc.subjectMUTUAL LEGAL ASSISTANCE
dc.subjectNATIONAL INTEGRITY
dc.subjectNATIONAL INTEGRITY SYSTEMS
dc.subjectNEGOTIABLE INSTRUMENTS
dc.subjectNOTARIES
dc.subjectOFFICE HOLDERS
dc.subjectOPEN ECONOMY
dc.subjectPATRONAGE
dc.subjectPAYMENT SERVICES
dc.subjectPAYMENTS SERVICES
dc.subjectPENALTIES
dc.subjectPENALTY
dc.subjectPEOPLES
dc.subjectPOLICE
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIOS
dc.subjectPOST OFFICE
dc.subjectPROSECUTION
dc.subjectPROSECUTOR
dc.subjectPROSECUTORS
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC-PRIVATE PARTNERSHIPS
dc.subjectRAPID ECONOMIC GROWTH
dc.subjectREAL ESTATE
dc.subjectRECEIPTS
dc.subjectREGISTRATION REQUIREMENTS
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMEDY
dc.subjectREMITTANCE
dc.subjectREMITTANCE SERVICE
dc.subjectREMITTANCES
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectROBBERIES
dc.subjectROBBERY
dc.subjectRULE OF LAW
dc.subjectSANCTION
dc.subjectSANCTIONS
dc.subjectSAVINGS
dc.subjectSECONDARY MARKETS
dc.subjectSECURITIES
dc.subjectSECURITIES EXCHANGE
dc.subjectSECURITIES MARKET
dc.subjectSEIZURE
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT SYSTEM
dc.subjectSHARE OF ASSETS
dc.subjectSHAREHOLDERS
dc.subjectSTOCK EXCHANGE
dc.subjectSTRUCTURAL PROBLEM
dc.subjectSUPERVISORY AUTHORITIES
dc.subjectSUPERVISORY POWERS
dc.subjectTAX
dc.subjectTAX EXEMPTION
dc.subjectTERRORISM
dc.subjectTHEFT
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREATY
dc.subjectTRUSTEES
dc.subjectUNION
dc.subjectURBAN AREAS
dc.subjectVALUE TRANSFER
dc.subjectVILLAGE
dc.subjectVIOLENCE
dc.subjectWIRE TRANSFER
dc.titlePapua New Guinea - Anti-Money Laundering and Combating the Financing of Terrorism : Mutual Evaluation Reporten
dspace.entity.typePublication
okr.date.disclosure2012-05-23
okr.date.doiregistration2025-05-07T10:14:55.233743Z
okr.doctypeEconomic & Sector Work::Other Social Protection Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2011/07/16281972/papua-new-guinea-anti-money-laundering-combating-financing-terrorism-mutual-evaluation-report
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid165691468096269760
okr.identifier.externaldocumentum000386194_20120524010945
okr.identifier.internaldocumentum16281972
okr.identifier.report68778
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/05/24/000386194_20120524010945/Rendered/PDF/687780ESW0P12400Terrorism0July02011.pdfen
okr.region.administrativeEast Asia and Pacific
okr.sectorPublic Administration, Law, and Justice :: Law and justice
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorFinance :: General finance sector
okr.themeRule of law :: Other rule of law
okr.themeTrade and integration :: Regional integration
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPublic Sector Corruption and Anticorruption Measures
okr.topicPublic Sector Development
okr.unitFinancial Market Integrity (FFSFI)
okr.volume1 of 1
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