Halister News

(Bloomberg) -- Anti-Money Laundering Council wants Congress to include casinos and real-estate agents on list of institutions required to report suspicious transactions, Executive Director Julia Abad says at briefing in Manila.

• Lawmakers must also strengthen Bangko Sentral ng Pilipinas’ supervisory powers over remittance cos which are also vulnerable, Abad says
• Absolute lifting of bank secrecy would be good, she says
• NOTE: Philippines Must Ease Bank Secrecy, Boost Launder Law: Tetangco Link
• NOTE: Strong lobby prevented lawmakers from including casinos among covered sectors in 2013 amendment, Senator Serge Osmena said on March 15

--With assistance from Ditas Lopez and Siegfrid Alegado.