HALISTER1: Philippine Bankers Group Sees Enhanced Measures Vs Laundering

Philippine Bankers Group Sees Enhanced Measures Vs Laundering

(Bloomberg) -- Investigation on alleged money laundering involving Philippine banks and casinos“hopefully will enhance measures to ensure compliance to law versus money laundering,” Cesar Virtusio, executive director of the Bankers Association of the Philippines, says in interview in Makati City.
  • “Bank officials from the top down are fully aware of rules of
banking, and they will obviously not violate such rules,” Virtusio says. “There’s always room for improvement.”
  • NOTE: $1 Billion Plot to Rob Fed Accounts Leads to Manila Casinos Link
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Source: BFW (Bloomberg First Word)

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