PNG dropped from anti-money-laundering blacklist

7:21 am on 30 June 2016

The international anti-money-laundering standards agency, the Financial Action Task Force, has removed Papua New Guinea from its blacklist.

The Wall Street Journal reports that PNG and Myanmar were dropped from the list, according to a statement following the task Force's latest plenary in South Korea.

The body said it welcomed the "significant progress" that the two countries have made in addressing deficiencies in their anti-laundering systems which had previously been identified.