Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia has announced the official release of Papua New Guinea’s second National Risk Assessment (NRA) on Money Laundering, Terrorist Financing and Proliferation Financing, marking another significant step towards strengthening the country’s financial security and compliance with international standards.
Governor Genia, who is also Co-Chair of the National Coordinating Committee (NCC) on Anti-Money Laundering, Counter-Terrorist Financing and Counter-Proliferation Financing, announced the release on Wednesday, November 11.
The assessment, endorsed and approved by the NCC in September 2026, provides a comprehensive evaluation of existing and emerging risks associated with money laundering, terrorist financing and proliferation financing in Papua New Guinea.
Governor Genia said the assessment was conducted in accordance with the Financial Action Task Force (FATF) Recommendation 1, which requires countries to regularly identify, assess and understand their financial crime risks.
She said the completion of the assessment also addressed a key requirement under FATF’s Grey-list Action Item 1.1(a), which required PNG to complete its National Risk Assessment and legal persons risk assessment.
The assessment was led by the Bank of Papua New Guinea’s Financial Analysis and Supervision Unit (FASU), with contributions from government agencies, regulatory authorities, reporting entities, private-sector stakeholders and international partners.
Governor Genia acknowledged the cooperation and technical expertise provided by all participating institutions in completing the assessment.
She urged government departments, financial institutions, reporting entities and other stakeholders to use the findings as the foundation for strengthening PNG’s national response to financial crimes.
The Governor emphasised that the assessment must guide coordinated, intelligence-led and risk-based measures to combat money laundering, terrorist financing and proliferation financing.
She further stressed that reporting entities must demonstrate a clear understanding of the identified risks and incorporate the findings into their Anti-Money Laundering and Counter-Terrorist Financing compliance and risk management programmes.
The release represents an important development in PNG’s efforts to address deficiencies identified under the FATF grey-listing process and strengthen the integrity of the country’s financial system.
The National Risk Assessment is now publicly available through the Bank of Papua New Guinea’s official website.