Anti-Money Laundering and Counter-Terrorist Financing Bills Presented to Parliament

Papua New Guinea has taken a proposed legislative step to strengthen its efforts against money laundering and terrorist financing, with Justice Minister and Attorney General Pila Niningi presenting amendment bills to Parliament.

The bills seek to improve the effectiveness of the country’s existing anti-money laundering and counter-terrorist financing systems. Their stated goal is to bring those systems into line with international standards.

The parliamentary presentation places the proposed amendments before lawmakers for consideration. The available details do not specify the individual provisions contained in the bills or the next stage of the legislative process.