New police unit to seize unexplained assets

The Royal Papua New Guinea Constabulary will establish a dedicated unexplained wealth investigation unit to identify and confiscate assets that cannot be lawfully explained.

Police Minister Sir John Pundari announced the initiative last Friday, stressing its importance in addressing Papua New Guinea’s current grey listing by the Financial Action Task Force.

Sir John said the police hierarchy must play its role in restoring investor confidence and strengthening transparency by identifying assets owned through dubious means.

Unexplained wealth will no longer be ignored.

The new unit, to be established under the Proceeds of Crime Act, will investigate and confiscate assets linked to illegal transactions or money laundering, ensuring that individuals living far beyond their lawful means are held accountable.

Sir John emphasised that the unit will be staffed by highly qualified professionals capable of conducting thorough investigations without fear or favour.

“This riches and wealth under the schemes of unexplained wealth must now be seriously investigated and must be put to an end.

“We've got to have forensic accountants, foreign contract officers, lawyers, and reputable people of integrity to be a part of this unit, and well-resourced,” Sir John said.

The Minister said it is an open secret in Papua New Guinea that some individuals fresh out of school suddenly own multiple vehicles and properties, living lifestyles far beyond their lawful salaries.

He acknowledged that not everyone will welcome the move, but assured the public that those who have lived honestly have nothing to fear.

While the Royal Papua New Guinea Constabulary has already begun work to address the grey list issue, Sir John said the new unit will specifically target unexplained wealth held by certain Papua New Guineans.