Financial Analysis and Supervision Unit (FASU)
Papua New Guinea's financial intelligence unit, operating within the Bank of Papua New Guinea. It receives and analyses suspicious transaction reports.
Oceania · Country coverage
AML/CTF Compliance in Papua New Guinea
Papua New Guinea regulates AML/CTF through the Financial Analysis and Supervision Unit under the Anti-Money Laundering and Counter Terrorist Financing Act 2015. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Papua New Guinea
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUFinancial Analysis and Supervision Unit (FASU), Bank of Papua New Guinea
FATF statusOn the FATF grey list (jurisdiction under increased monitoring) since February 2026; APG member
Primary legislationAnti-Money Laundering and Counter Terrorist Financing Act 2015
Overview
AML/CTF compliance in Papua New Guinea.
Papua New Guinea regulates money laundering and terrorist financing through the Anti-Money Laundering and Counter Terrorist Financing Act 2015, supported by the Financial Analysis and Supervision Unit, which receives and analyses suspicious transaction reports.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to FASU, alongside supervision from the Bank of Papua New Guinea. Supervisors expect a designated compliance officer, sound internal controls, and staff training. Since February 2026, Papua New Guinea has been on the FATF's list of jurisdictions under increased monitoring (the "grey list"), which typically means enhanced due diligence expectations from counterparties dealing with PNG-linked customers.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Anti-Money Laundering and Counter Terrorist Financing Act 2015
Papua New Guinea's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other reporting entities.
Bank of Papua New Guinea
The central bank supervises financial institutions for AML/CTF compliance, working alongside FASU.
APG membership and FATF grey list
Papua New Guinea is a member of the Asia/Pacific Group on Money Laundering, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership. In February 2026 the FATF placed Papua New Guinea on its list of jurisdictions under increased monitoring (the "grey list"), and the country has committed to an action plan to strengthen its AML/CTF regime.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious transactions to FASU
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Papua New Guinea?
The Financial Analysis and Supervision Unit (FASU), operating within the Bank of Papua New Guinea, receives and analyses suspicious transaction reports from financial institutions and other reporting entities.
What is the main AML law in Papua New Guinea?
The Anti-Money Laundering and Counter Terrorist Financing Act 2015 sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities.
Is Papua New Guinea a member of FATF?
Papua New Guinea is a member of the Asia/Pacific Group on Money Laundering (APG), a FATF-style regional body, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership. In February 2026 the FATF placed Papua New Guinea on its grey list of jurisdictions under increased monitoring, committing the country to an action plan to strengthen its AML/CTF effectiveness.
How does MemberCheck support AML compliance in Papua New Guinea?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
Screen customers for Papua New Guinea risk with MemberCheck.
Book a walkthrough with our compliance team and screen a real case in the first session.