Section 75 of the AML/CTF Act 2015 requires FASU to produce an annual report on its operation to the Board of Bank of Papua New Guinea by 30 March each year. The report details activities undertaken during the reporting year as well as an analysis of money laundering and terrorist financing trends.
FATF Recommendation 1 requires countries to identify, assess and understand their money laundering and terrorist financing risks. Once these risks are properly understood, countries can apply AML/CFT measures that correspond to the level of risks to mitigate the risks. More importantly, countries can priorities their limited resources and allocate effectively. Our risk assessments provide that reporting and are reviewed regularly.
- FASU Annual Report 2023 PDF / 5MB
- FASU Annual Report 2022 PDF / 4MB
- FASU Annual Report 2021 PDF / 7MB
- FASU Annual Report 2020 PDF / 2MB
- FASU Annual Report 2019 PDF / 8MB
- FASU Annual Report 2018 PDF / 10MB
- PNG-Sector-Risk-Assessment-Money-Laundering-and-Terrorist-Financing-Through-Virtual-Assets-and-Virtual-Asset-Service-Providers-2023 PDF / 2MB
- Money-Laundering-and-Financing-of-Terrorism-National-Risk-Assessment-4 PDF / 3MB
- Assessment-RIsk_Bank-of-PNG PDF / 2MB