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Bank of Papua New Guinea (PNG) Port Moresby, Papua New Guinea > Media Release: Response to Letter circulating in Social Media referring alleged AML Offences

Media Release: Response to Letter circulating in Social Media referring alleged AML Offences

Date:  05 March, 2024 

RESPONSE TO LETTER CIRCULATING IN SOCIAL MEDIA REFERRING ALLEGED AML OFFENCES

The Bank of Papua New Guinea has been made aware of a letter dated 11 January 2023 circulating on social media referring alleged money laundering offences against Puma Energy (PNG) Refining Limited and Puma Energy (PNG) Limited.

Subsequent to the letter being issued, the commercial banks have worked constructively with Puma Energy to address the payment of invoices for imported fuel directly to their supplier.

The Bank of Papua New Guinea continues to monitor all financial transactions to ensure the strictest adherence to anti-money laundering laws and international standards of regulatory compliance and will not tolerate any activity that puts at risk the integrity of Papua New Guinea’s financial system.

 

Authorised by:

Elizabeth Genia
Governor

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