Philippine Central Bank Updates Anti-Money Laundering Rules
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)
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UUID: 7947283
(Bloomberg) -- Monetary board has approved an update to anti-money laundering rules allowing financial institutions to conduct electronic “know-your-customer” procedures like Skype verification, Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla tells reporters in Manila.
Alert: HALISTER1- Banks set to sign memorandum of agreement this month to allow for easier electronic funds transfer and pave way for increased use of electronic money in transactions
- Monetary Board also approved standards for business contingency management plan, which banks will be required to submit
Source: BFW (Bloomberg First Word)
Tickers
BSNZ PM (Bangko Sentral ng Pilipinas)
People
Nestor Espenilla (Bangko Sentral ng Pilipinas)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283