Philippine SEC Says It Strengthened Anti-Money Laundering Rules
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Securities and Exchange Commission strengthened its anti-money laundering framework under 2015 implementing rules of Securities Regulation Code which took effect in November, it says in statement.
Alert: HALISTER1- Some of provisions include prohibiting brokers from maintaining numbered accounts for trading and investment purpose, prohibiting anonymous accounts under fictitious names, requiring brokers to maintain electronic database of information, prohibiting brokers from creating new accounts without face-to-face meeting
Source: BFW (Bloomberg First Word)
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UUID: 7947283