FASU-BPNG Members Briefing: Strategic Insights and Organizational Updates

On March 19th, 2026, the Chamber hosted a hybrid FASU-BPNG Members Briefing to update stakeholders on PNG’s ongoing efforts to address FATF’s grey-listing issues. Director Wilson Onea and Rosa Kapilis provided insights into the current status, challenges, and next steps regarding PNG’s FATF Action Plan.

Key discussion points included the scope of the 3-year plan (2025–2028), progress on risk assessments, legislative reforms, stakeholder engagement, and resource needs. Attendees emphasized the importance of political will, good governance, and sustained capacity building to ensure long-term compliance and avoid returning to the grey list.

Action items such as completing the National Risk Assessment, advancing legal reforms, and strengthening enforcement powers were highlighted as priorities. The briefing also addressed concerns from the private sector about procedural delays and the importance of balancing FATF compliance with normal business operations.

This Members Brief underscored that successful grey-list removal requires systemic reforms, political commitment, and strategic planning beyond mere compliance, with a focus on maintaining long-term integrity of PNG’s financial system. The next steps include ongoing stakeholder consultations, international peer learning, and targeted resourcing to sustain progress.

 The Chamber is privileged to have ANZ Bank PNG as the main sponsor for this event and commend the FASU-BPNG Team for delivering such an informative session.