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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