Logging industry 'a major money laundering risk' - report
Submitted by ACTNOW on Wed, 08/09/2021 - 09:36Illegal logging in Papua New Guinea represents a major money laundering threat as it generates very large illegal profits and it has a very high detrimental impact on the economy as well as the natural environment.
This is according to a money laundering and financing of terrorism risk assessment published by the Bank of Papua New Guinea in 2017.