Alleged money laundering covered up

IT is known that prior to the enactment of anti-money laundering laws in PNG, a lot of corruptly-amassed funds and wealth by individuals and business alike found its way into the Australian property market.
This happened under the full courtesy of some resident regional financial institutions.
The sweep team could not do much when it was disbanded to trace and recover any proceeds of crime.
Even the Police Fraud Unit were not able to prosecute leads provided on banking transactions due to lack of resources.
It has also been alleged that some of those financial institutions were indirectly funding millions of kina in the 2012 national elections through bogus loans.
But all links were deleted without a trace to protect their corporate image.
The so-called PNG National Intelligence Organisation and the Australian Security Intelligence Organisation were either weak to detect such alleged scams.
Perhaps they were just ignorant to protect some high-profile people and financial institutions.

Observer, NCD