HALISTER1: Philippines Needs Stronger Anti-Money Laundering Law: World Bank

Philippines Needs Stronger Anti-Money Laundering Law: World Bank

(Bloomberg) -- World Bank supports calls to reform Philippine rules on anti-money laundering and bank secrecy, Rogier van den Brink, lead economist and program leader in Philippines, says at briefing in Manila.
  • Reforms include making sure casinos covered by anti-money laundering rules, lifting of bank secrecy to help investigations
  • NOTE: How $81 Million Slipped Through Philippine Cracks: Timeline NSN O48K426JIK6K
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Source: BFW (Bloomberg First Word)

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