Circular – BPNG-FASU-001/2023
17 May 2023
Circular Notice To:
- Members of the Anti-Money Laundering & Counter Terrorist Financing (AML/CTF) National Coordinating Committee
PAPUA NEW GUINEA SANCTIONS SECRETARIAT
As Papua New Guinea is a member of the United Nations, the Government of Papua New Guinea is obliged to implement United Nations Security Council Resolutions (UNSCR) on financial sanctions by virtue of article 41 of the United Nations Charter. The United Nations Security Council (UNSC) disseminates financial sanction regimes that member countries must put in place to detect and disrupt money laundering and terrorist financing consistent with Section 6 of the United Nations Financial Sanctions Act 2015 (Sanctions Act).
The Financial Analysis and Supervision Unit (FASU) of the Bank of Papua New Guinea informs that the Papua New Guinea Sanctions Secretariat is located within the Office of the Security Coordination and Assessment which is part of the Department of Prime Minister and National Executive Council (PM&NEC). Its establishment is in accordance with Section 25 of the Sanctions Act.
Whilst its responsibilities to prevent terrorism, proliferation of weapons of mass destruction and other matters of international concern through targeted financial sanctions, the Sanctions Secretariat office has its challenges.
However, sanctions information can be accessed through the Sanctions Secretariat website via the following link https://www.pngsanctionssecretariat.gov.pg. The website provides updated information on sanctions-related matters and guidelines for compliance with sanctions regimes.
Any sanctions related queries or concerns, please reach out to Mr. Kyrill Bland, Coordinator – PNG Sanctions Office as he is the point of contact for the Sanctions Secretariat. You can contact him via email at [email protected]. For further information, you may contact FASU via email at [email protected] or [email protected]
Financial Analysis and Supervision Unit
- Charlie Imbu
Acting Director, Office of the Security Coordination and Assessment
Department of Prime Minister and National Executive Council
Kina exchange rate (MIDRATE)