BSP to Faithfully Enforce Anti-Money Laundering Law: Espenilla
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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BSNZ PM (Bangko Sentral ng Pilipinas)
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Nestor Espenilla (Bangko Sentral ng Pilipinas)
Antonio Trillanes (Republic of the Philippines)
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UUID: 7947283
(Bloomberg) -- Anti-Money Laundering Council will evaluate standards by which it’s able to comply with law against dirty money, incoming Bangko Sentral ng Pilipinas Governor Nestor Espenilla says at briefing in Manila.
- Espenilla, whom President Rodrigo Duterte picked to replace Amando Tetangco, was asked whether Anti-Money Laundering Council will act on Senator Antonio Trillanes’ call for it to list Duterte’s banking transactions
- NOTE: Trillanes has accused Duterte of illegally amassing billions of pesos when he was Davao City mayor, an allegation that president has denied Link; BSP governor also sits as chairman of Monetary Board and heads Anti-Money Laundering Council
- Espenilla says since he hasn’t assumed office of BSP chief, he hasn’t looked into those, but pledged to faithfully effect anti-money laundering law when his time comes
- “We’re also deeply committed to protect the integrity of the financial system against criminal elements,” Espenilla says
- BSP to push legislative measures including changes to its charter, relaxing rules on deposit secrecy and expanding coverage of anti-laundering law to include casinos
- BSP in talks with SEC and Treasury Bureau to reform capital markets particularly debt market to support govt’s ambitious infrastructure plan
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
BSNZ PM (Bangko Sentral ng Pilipinas)
People
Nestor Espenilla (Bangko Sentral ng Pilipinas)
Antonio Trillanes (Republic of the Philippines)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283