In February, the Financial Action Task Force added Papua New Guinea to its “grey list” of jurisdictions under increased monitoring. In this exclusive opinion piece for Business Advantage PNG, John Burke, an expert in AML/CTF compliance for PNG, shares how businesses can maintain their banking relationships and stay ahead of the regulator.
Papua New Guinea is currently embarked on an ambitious five-year digital transformation plan to improve its government services and lay down digital public infrastructure. We hear from some of the key players on what’s been delivered and what we can expect next.