BSP considers legal options over alleged money laundering warning

/ July 13, 2021 / No Comments
Bank South Pacific says it is considering its legal options after the Bank of Papua New Guinea formally cautioned it over what the central bank believes is “contrary conduct under the anti money laundering/counter terrorist financing act.” In issuing the formal warning yesterday, the Bank of PNG called for BSP Financial Group... more →
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NAB and CBA exposed over PNG money laundering

Bank of South Pacific CEO Robin Fleming is believed to be under pressure from the regulator to step down.
/ July 13, 2021 / 1 Comment
Angus Grigg National affairs correspondent The largest lender in the Pacific, BSP Financial Group, has been ordered to remove senior managers following breaches of anti-money laundering laws in Papua New Guinea, putting further pressure on Commonwealth Bank of Australia and National Australia Bank to cut ties with the troubled institution. BSP,... more →
Posted in: Papua New Guinea Tagged with: , , ,