Compliance & Anti-Financial Crime
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AML, Asia-Pacific, Banking, Compliance

South Pacific bank warns of further trouble ahead as AML investigation continues; partner banks may face increased pressure to cut ties

By Dan Byrne for AMLi

The main lender in Papua New Guinea has warned that “further compliance issues,” may surface as investigations by the national financial watchdog continue.

The Bank of South Pacific’s (BSPs) reputation took a nosedive in July when orders were given to remove some of its senior managers.

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