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PNG Parliament Committee Investigates FX Shortage and FATF Grey-Listing

1 report, 1 independent Updated Sun 00:00
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What happened

Some supportReported by 1 outlet

A parliamentary committee, chaired by Rufina Peter, announced an inquiry into two financial crises: a foreign exchange shortage and money laundering risks leading to grey-listing. Papua New Guinea was placed on the Financial Action Task Force (FATF) grey-list on February 13, 2026, due to deficiencies in its framework to counter money laundering and terrorism financing. The committee's inquiry will examine the causes, implementation issues, and economic implications of both issues.

From thenational.com.pg

Why it matters

Some supportBrind's analysis of the reports

The committee is tasked with assessing existing policy and regulatory responses and recommending reforms to Parliament. The inquiry specifically targets the factors that led to the FATF grey-listing and the economic implications of the foreign exchange shortage.

From thenational.com.pg

Who's involved

  • Rufina PeterChairs the parliamentary committee on economic affairs
  • parliamentThe legislative body conducting the inquiry

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The entities involved

Coverage

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