Papua New Guinea

Bank of Papua New Guinea framework dated August 2022 for testing innovative financial products within limits on transaction value and volume. Testing runs for 3 to 6 months, with extensions of up to 3 months, and participants must disclose the sandbox status and key risks to customers and obtain documented consent. The sandbox cannot be used to avoid existing laws, and a certificate of participation does not guarantee later approval.

FASU rule on the AML/CTF programme that reporting entities must keep. FASU's accompanying note says the rule commenced on 20 May 2019 and refers to sections 5, 7(3)(e), 7(3)(f) and 9(1)(b) of the Act. The rule PDF itself has no machine-readable text.

Defines offences committed through information and communication technology, including unauthorised access, interception, data and system interference, computer-related fraud and identity misuse. It also covers search and seizure, data preservation orders and duties of ICT service providers. The text contains no incident or breach reporting duty and no general data protection regime. Made by Parliament on 11 August 2016 and certified on 13 December 2016.

Helps the government detect and deter money laundering and terrorist financing and supports Papua New Guinea's international AML/CTF obligations. It establishes FASU, which reports on its operations each year under section 75. The PDF has no machine-readable text, so section numbers beyond section 75 were not read.

Principal capital market statute: licensing of market participants, public offerings, derivatives, disclosure and compensation funds. Part V (sections 183 to 275, 'Unit trust and managed investment schemes') covers unit trust schemes. The cover of the PDF reads 'Capital Market Act 2015'; the Commission's pages also write 'Capital Markets Act'.

Creates a framework for climate-compatible development and establishes the Climate Change and Development Authority (section 8). Section 58 requires operators in regulated sectors (agriculture, electricity, transport, forestry, minerals, petroleum, fishing, waste and others set out in section 53) to keep, verify and annually submit greenhouse gas emission and removal records; section 65 requires annual mitigation plans. Certified 20 November 2015.

Establishes the Securities Commission of Papua New Guinea as the principal authority for regulating the capital market. The Commission's Acts page presents it as current, as replacing the Securities Act 1997, and as amended in 2023 to create a chief executive post and define the roles of the Chairman and Board. The PDF has no machine-readable text, so the title and number were taken from the Commission's page.

Section 4(1) requires a licence from the Bank of Papua New Guinea before a person acts as a payment services provider, operates a payment system or issues payment instruments; banks and licensed financial institutions are exempt under section 4(5) but remain subject to oversight. Section 5(2) lets the Bank require capital, liquidity or guarantees. The Bank lists directives on oversight, electronic funds transfer, agents and payment instruments (01 to 04 of 2019) beside it.

Prudential standard on customer due diligence for authorised institutions. The Bank revoked it under section 27(4) of the Banks and Financial Institutions Act 2000 by a media release dated 1 December 2025; institutions must instead follow the customer due diligence requirements of the AML/CTF Act 2015.