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Papua New Guinea advances financial reforms to exit money laundering grey list, boosts banking access and oversight.
Papua New Guinea is advancing reforms to address its grey-listing by the Asia/Pacific Group on Money Laundering, with improved inter-agency cooperation, new enforcement mechanisms, and targeted legal changes.
The Bank of Papua New Guinea issued licenses to three new financial institutions, boosting access to safe and inclusive financial services.
Kina Securities reported strong 2025 results, with a 20% rise in net profit, while regulators emphasized that reforms focus on strengthening oversight without disrupting everyday banking for citizens.
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Papua Nueva Guinea avanza en las reformas financieras para salir de la lista gris de lavado de dinero, aumenta el acceso y la supervisión bancaria.