Philippines Probing Possible Case of Laundering: SEC Chairman
(Bloomberg) -- Anti-Money Laundering Council looking into alleged dirty money scheme involving casinos, SEC Chairman Teresita Herbosa told reporters in Manila late Tuesday.
- “We’re bound by confidentiality under the law and we can neither confirm nor deny what’s the meat of their investigation but I guess I can admit that an investigation has been conducted”
- NOTE: Herbosa is member of nation’s anti-money laundering council that’s headed by central bank Governor Amando Tetangco
- Philippines one of probably only few countries in the world where casinos aren’t covered under anti-money laundering law: Herbosa
- NOTE: Philippine Senator Seeks Casino, Land, Art in Launder List: DZMM Link
- NOTE: Philippines Probes $100m Money Laundering Via Banks: Inquirer Link
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People Teresita Herbosa ((PHL)Securities & Exch Cmmn)
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