Cairns real estate – who owns what?
The Finance Department, the IRC and the Bank of PNG were, this week, summoned before the Public Accounts Committee to report on money laundering measures. In conclusion: “The Committee and the three institutions agreed that the country is vulnerable to money laundering…” (National 28 November 2013.) By PNG Echo. Sam Koim, of Anti-Corruption Task Force Sweep told an AUSTRAC audience in Australia last year that of all the investments by PNGeans in Cairns real estate, “Not all…can possibly be derived from legitimate funds.” Remember? To recap on my article in PNGs Post Courier, around this time last year: between the Continue reading Cairns real estate – who owns what?
