HALISTER1: Philippine Dirty Money Law Not Enough on Casino: SEC Tells Star

Philippine Dirty Money Law Not Enough on Casino: SEC Tells Star

(Bloomberg) -- Philippines may still risk inclusion in Financial Action Task Force’s list of countries with inadequate anti-money laundering laws because 5m-peso threshold for casinos is too high and must be lowered to cover more suspicious transactions, Philippine Star reports, citing SEC Chairwoman Teresita Herbosa.
  • To see story: https://goo.gl/2F2K5r

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Teresita Herbosa ((PHL)Securities & Exch Cmmn)

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