Pressure on banks to cut ties with BSP

THE largest lender in the Pacific, BSP Financial Group, has been ordered to remove senior managers following breaches of anti-money laundering laws in Papua New Guinea, putting further pressure on Commonwealth Bank of Australia and National Australia Bank to cut ties with the troubled institution.

Pressure on banks to cut ties with BSP Pressure on banks to cut ties with BSP Pressure on banks to cut ties with BSP Pressure on banks to cut ties with BSP Pressure on banks to cut ties with BSP

Benny Popoitai

BSP, which listed on the Australian Securities Exchange in May and trades as the Bank of South Pacific, was found by the PNG regulator to have committed dozens of violations of anti-money laundering
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