Featured Papua New Guinea

Westpac’s Peter King cautious on Pacific after AUSTRAC

Westpac chief Peter King said the consequences of breaching anti-money laundering laws are so large that the bank can’t guarantee it will be able to continue to provide remittance services for workers in Australia looking to send money home to the Pacific. Briefing the House of Representatives economics committee on… Read More

Papua New Guinea police arrest former PM Peter O’Neill over alleged corruption

Papua New Guinea police have arrested former prime minister Peter O’Neill over the alleged purchase of generators from Israel without parliamentary approval. O’Neill was arrested on Saturday at the main airport of Port Moresby, PNG’s capital, after returning from Australia, and brought in for questioning, assistant crimes commissioner Hodges… Read More

Three Australian banks at centre of PNG money laundering probe

A Brisbane house and three Australian banks are now at the centre of a money laundering probe into a $US10.3 million payment made by the ASX-listed Horizon Oil to a company linked to a senior minister in Papua New Guinea. The Australian Financial Review has been told Westpac… Read More
10th February 2020
A nine-year-old payment in Papua New Guinea is threatening to derail the Australian-listed Horizon Oil, after it repeatedly ignored corruption warnings and paid $US10.3 million ($15.4 million) to an unknown shell company. Lawyers working on the 2011 deal flagged links to PNG’s then petroleum minister William Duma and warned an… Read More
9th September 2019
New Zealand is in talks with Australia to lower hefty money transfer fees in several Pacific Island countries, as “stubbornly high” costs strain the region’s economies and hamper UN targets. Remittances are a key source of earnings for many Pacific families who have relatives working abroad and the intervention comes… Read More
2nd August 2018
Australia’s ClearView Wealth Ltd, a wealth management product provider, said on Wednesday it was informed that an independent non-executive director was arrested in Papua New Guinea. The director was arrested and charged with one count of conspiracy to defraud by the National Fraud & Anti-Corruption Directorate of the Royal Papua… Read More
7th August 2017
Papua New Guinea is adamant on staying off the Financial Action Task Force (FATF) Money Laundering and Counter Terrorist Financing-grey list. The country was grey-listed in 2011/2012 but with help got out in June 2016. To enhance these efforts an agreement was signed last Friday between the recently established… Read More
6th December 2016
The former head of Papua New Guinea's anti-corruption body has lost his two-year court battle to keep his job and maintain the taskforce. Read More
14th September 2016
Police in Papua New Guinea’s capital have arrested a former MP and government minister Gabriel Kapris on various corruption charges Mr Kapris is implicated for two counts of misappropriation of property, two counts of abuse of public office, one count of stealing by false pretence and one count of conspiracy… Read More
11th September 2016
SINGAPORE — The State Court has sentenced a married couple to prison in a $3.6 million international money laundering case linked to Chinese telecom giant ZTE and the former prime minister of Papua New Guinea. Singaporean national Lim Ai Wah was given a five-year prison sentence Thursday,… Read More
2nd September 2016
Papua New Guinea’s former prime minister Sir Michael Somare has been implicated in a money laundering case in Singapore. The Straits Times reports that in 2010 a married couple laundered US$3.6 million which had been meant to set up community colleges in PNG – then gave US$784,000 of it to… Read More
9th August 2016
When the Papua New Guinea parliament resumes this afternoon, the fight against corruption is expected to be high on the agenda. The Post Courier reports that the Leader of Government Business James Marape will bring forward a number of anti-graft proposed laws. Communications and Information Technology Minister Jimmy Miringtoro is… Read More
8th June 2016
Papua New Guinea's parliament has been told that four people have been killed and seven injured after police opened fire on a group of protesting university students. Read More