HALISTER1: Aboitiz’ Remittance Co. Tightens Scrutiny After Bangladesh Heist

Aboitiz’ Remittance Co. Tightens Scrutiny After Bangladesh Heist

(Bloomberg) -- “Each and every transaction is screened across a very extensive data base of names, terrorists, child pornographers, terrorist activities,” Lorenzo Ocampo, president of Aboitiz-owned Petnet, says in interview with Bloomberg TV Philippines.
  • Co. ensures every employee on front line underwent anti- money laundering education; IDs cross checked, filled-up forms kept
  • NOTE: In April, Anti-Money Laundering Council filed criminal complaint against officials of local remittance co. Philrem for allegedly helping launder $81m stolen Bangladesh foreign reserves Link
  • Remittance flows from Middle East slowing while flows from U.S. picking up; “we expect that the decline in the Middle East is now a long-term decline that we will recover eventually,” Ocampo says
  • NOTE: Oil price slump may affect overseas workers, govt said in Feb. Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
AEV PM (Aboitiz Equity Ventures Inc)

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UUID: 7947283

HALISTER: CF Abandons Plan to Buy OCI Assets Amid Tax Inversion Clampdown

CF Abandons Plan to Buy OCI Assets Amid Tax Inversion Clampdown

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
OCI NA (OCI NV)
CF US (CF Industries Holdings Inc)

People
Andrew Wong (RBC Capital Markets)
Joel Jackson (Bank of Montreal)
Milan Shah (BMO Capital Markets Corp/Toronto)
Paul Massoud (Stifel Financial Corp)

Topics
Corporate Inversions

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UUID: 7947283

(2) *CF, OCI TERMINATE PROPOSED COMBINATION OF SOME BUSINESSES

*CF, OCI TERMINATE PROPOSED COMBINATION OF SOME BUSINESSES

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
OCI NA (OCI NV)
CF US (CF Industries Holdings Inc)

People
Chris Close (CF Industries Holdings Inc)
Dan Aldridge (CF Industries Holdings Inc)
Hans Zayed (Orascom Construction Industries Co SAE)
Nassef Sawiris (Lafarge Cement Egypt SAE)
W Will (CF Industries Holdings Inc)

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UUID: 7947283