Philippines Says There’s No Letup in Fight Vs Money Laundering
Source: BFW (Bloomberg First Word)
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BSNZ PM (Bangko Sentral ng Pilipinas)
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Amando Tetangco (Bangko Sentral ng Pilipinas)
Carlos Dominguez (Philippine Deposit Insurance Corp)
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UUID: 7947283
(Bloomberg) -- Central bank and Justice Dept agreed on “closer working relationship” in support of President Rodrigo Duterte’s drive against suspected money launderers after initial “wrinkle,” Finance Secretary Carlos Dominguez says in e-mailed statement.
Alert: HALISTER1- Bangko Sentral ng Pilipinas Governor Amando Tetangco has been providing valuable help in pursuit of money launderers
- Central bank hasn’t been remiss but tedious legal process been a stumbling block to quick prosecution of suspected money launderers; congress must relax law ensuring secrecy of bank deposits
- Dominguez says closer relationship to prevent another “miscommunication” between Anti-Money Laundering Council, an attached agency of BSP, and National Bureau of Investigation which is under DOJ
- NOTE: Duterte Calls Out Central Bank, AMLC; Tells Them to Cooperate Link
Source: BFW (Bloomberg First Word)
Tickers
BSNZ PM (Bangko Sentral ng Pilipinas)
People
Amando Tetangco (Bangko Sentral ng Pilipinas)
Carlos Dominguez (Philippine Deposit Insurance Corp)
To de-activate this alert, click here
UUID: 7947283