In short
The Forum delivered the Australian and US governments' commitment to address the decline of correspondent banking relationships in the Pacific and to work with:
- Pacific Island countries (PICs)
- public, private and multilateral sector partners in the region.
The Pacific Banking Forum (Forum) was co-hosted by the Australian and US governments and convened on 8 to 9 July 2024 in Brisbane, Australia.
Commitments
All parties agreed to commitments of the:
- importance of anti-money laundering and combating the financing of terrorism compliance and effectiveness for access to global economy
- importance of enabling infrastructure and institutional capacity-building.