Halister News

(Bloomberg) -- “There’s risk associated with this, and therefore we need to address that,” Bangko Sentral ng Pilipinas Governor Amando Tetangco tells reporters in Manila. “We have to show that action has been taken.”

• $81m stolen fund from Bangladesh Bank which found its way to Makati branch of Rizal Commercial Bank is Philippines’ first cross-border money laundering case, Tetangco says
• “If you look at the behavior of financial markets over the last several days, there’s been no indication that there’s a negative impact,” Tetangco says
• Peso appreciating in last few days, bond markets are steady, benchmark stock index going up: Tetangco
• NOTE: Peso Set for Longest Weekly Gains Since 2015 Link; Stocks Poised for Bull Market Link
• Investigation by Anti-Money Laundering Council ongoing, and council is prepared to take further action if needed, working with Congress to include casinos and real estate dealers in covered institutions: Tetangco
• NOTE: Bangladesh Wants Stolen $81m Back, Its Envoy to Philippines Says Link
• NOTE: Rizal Bank Executives Suspected in Bangladesh Heist Transfers Link