HALISTER1: Philippine BSP Boosts Oversight on Remittance, Money Changers

Philippine BSP Boosts Oversight on Remittance, Money Changers

(Bloomberg) -- Monetary Board approved updated comprehensive framework enhancing Bangko Sentral ng Pilipinas’ oversight over operations of remittance companies, money changers and foreign exchange dealers to boost compliance with Anti-Money Laundering Law, BSP says in statement.
  • There are >18,000 central bank-registered money service businesses, 6,700 of which are also registered pawnshops
  • BSP will regulate all remittance and transfer companies and other money-service businesses now required to notify BSP when they start operations, change partners, transfer location, close or transfer ownership; they shall also submit activity reports to BSP, and they must also register with Anti-Money Laundering Council for purposes of covered and suspicious transactions reporting
  • NOTE: Tetangco Eyes More Banking Reforms in Last Months of Second Term Link
  • NOTE: Anti-Laundering Body Building More Cases on Heist Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BSNZ PM (Bangko Sentral ng Pilipinas)

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UUID: 7947283

HALISTER1: 1ST LEAD Top Brazil judge overseeing corruption probe killed in plane crash By Isaac Risco, DPA

1ST LEAD Top Brazil judge overseeing corruption probe killed in plane crash By Isaac Risco, DPA

Alert: HALISTER1
Source: DPA (Deutsche Presse-Agentur)

People
Michel Temer (Federative Republic of Brazil)
Teori Zavascki ((BRA)Federal Supreme Court)
Dilma Rousseff (Worker's Party Of Sao Paulo)
Luiz Inacio Da Silva (Federative Republic of Brazil)
Sergio Moro (Federative Republic of Brazil)

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UUID: 7947283