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Liquidator struggles to find evidence for David Catsoulis' gold mining project in PNG

Summary by Greek Herald

David Catsoulis, a twice-bankrupt mining promoter, has been endorsing a multi-billion-dollar gold mining project in Papua New Guinea for seven years. However, the liquidator of his company, Impact Gold, is struggling to find evidence supporting the project’s existence. According to the liquidator, there is no documentation confirming the company has mining leases, plant, equipment, or gold inventory in PNG. Despite Catsoulis‘ claims that the pro…

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Devpolicy Blog from the Development Policy Centre

Will PNG be on the anti-money laundering grey list? - Part 1 - Devpolicy Blog from the Development Policy Centre

Papua New Guinea has nine months to strengthen its anti-money laundering (AML) measures to avoid being grey-listed following an evaluation by the Asia-Pacific Group on Money Laundering (APG), a regional regulatory body. The evaluation identified deficiencies in PNG’s compliance with AML standards, which are set by the Financial Action Task Force (FATF), an intergovernmental organisation. In this blog, the first in a two-part series, we examine P…

2 days ago

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