FATF is a multidisciplinary body made up of 37 member countries globally, and operates as a peer review mechanism holding Governments to account for their commitment to fighting international crime and improving financial stability.
PNG is part of the Asia Pacific Group on Money Laundering that is an associated member of FATF.
In February 2014, PNG was placed on the international monitoring list of the FATF and assessed on the FATF standards. PNG was found as not being compliant and was greylisted by FATF.
