Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Financial Services

BSP Financial Group ordered to remove senior management following AML breaches – PNG’s financial watchdog slams the bank for ‘systemic non-compliance’

By Elizabeth Hearst for AMLi

The largest lender in the Pacific region, BSP Financial Group, has been ordered to remove some of its senior managers, following failures in its anti-money laundering framework in Papua New Guinea.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!