Parliament has sworn in the final members of its new Permanent Parliamentary Committee on Financial Integrity and Anti-Money Laundering, a key step in the country’s efforts to exit the Financial Action Task Force grey list.
The Committee was established in July 2026 to provide dedicated parliamentary oversight of regulatory and law-enforcement bodies responsible for enforcing Anti-Money Laundering, Counter-Terrorism Financing and financial integrity laws across the public and private sectors.
It will be chaired by Hon. Bryan Kramer, MP, Member for Madang Open, with Hon. Aiye Tambua, MP, Member for Goroka Open, as Deputy Chairman. The other members are Hon. Gary Juffa, MP, Governor of Oro Province, Hon. Desmond Kipa, MP, Member for Dei Council Open, and Hon. Vincent Kumura, MP, Member for Usino-Bundi Open.
The Committee is mandated to conduct inquiries into money laundering and illicit financial flows, examine reports from regulatory and enforcement agencies, hold public hearings and receive evidence, recommend legislative and institutional reforms, and monitor the implementation of its recommendations.
To do this, it has powers to summon witnesses, require the production of documents, commission expert studies, conduct inspections and hearings, and receive confidential briefings.Speaking after the ceremony, Chairman Hon. Bryan Kramer said the Committee reflects Parliament’s firm commitment to protecting PNG’s financial system. “Money laundering, proceeds of crime and corruption diminish public trust, drain vital state resources and threaten our national development.
We have a shared duty to ensure our legislative framework and oversight mechanisms are robust, proactive and resilient,” he said. He also acknowledged the Government for establishing the Committee and expressed confidence in the experience of members in finance, law, security and governance.
In February 2026, FATF placed Papua New Guinea on its grey list of jurisdictions under increased monitoring. The listing puts PNG’s banking and financial sectors under closer international scrutiny.
FATF has given PNG a focused Action Plan of Government-agreed measures to be delivered within set timelines.
Failure to implement the plan could impact government payments, investor confidence, trade and remittances.A priority for the Committee will be to oversee 23 State institutions responsible for delivering the Action Plan and 75 recommendations, ensuring obligations are met on time.
The Committee will hold its first public hearings shortly and will accept written submissions from state institutions, financial entities, civil society and the private sector.
