The Bangko Sentral ng Pilipinas (BSP) is now requiring banks and financial institutions to report any significant incident related to money laundering, terrorism and proliferation financing within 24 hours.
In a circular signed by BSP Deputy Governor Bernadette RomuloPuyat on April 29, the Monetary Board has amended certain sections of the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) as part of its risk-based anti-money laundering and countering terrorism and proliferation financing supervision.
Under the new rules, BSP-supervised financial institutions (BSFIs) are now required to submit a risk event report to the central bank within 24 hours from date of knowledge of any significant money laundering, terrorism financing and proliferation financing risk event.
Esta historia es de la edición May 04, 2024 de The Philippine Star.
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Esta historia es de la edición May 04, 2024 de The Philippine Star.
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Lawmakers back filing of case vs Tarlac Mayor Guo
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Kuh Ledesma on being single parent, music mentor to daughter Isabella
“It’s really a joy to have a child.” That was Kuh Ledesma sharing her thoughts on the joys and challenges of raising a child in a recent brief e-mail interview with The STAR.
Maya loan releases hit P34 B
Maya Bank has disbursed over P34 billion in loans as of end-March, with 59 percent of its borrowers accessing credit for the first time through the lender.
Residential, mall growth boost FLI profit
The real estate developer of the Gotianun clan kicked off the year with a 14 percent increase in profit, picking up growth momentum from the residential and mall segments.
Caritas Financial Plans faces possible liquidation
Pre-need firm Caritas Financial Plans Inc. (CFPI) may be liquidated over the next few months after the government placed it under receivership.
Gov't urged to hike, fast-track power investments
The government should increase its investments in the power generation infrastructure and accelerate energy related projects to address the country’s thinning electricity supply, a think thank said.
Market slips from last minute selling
The local stock market yesterday closed the week in the red, as investors went on a selling spree as a response to the news that interest rates may be brought down soon.
Ayala exits Manila Water
Sells remaining stake to Razon for P14.5 B
Timberwolves force Game 7
The Minnesota Timberwolves overwhelmed the Denver Nuggets 115-70 on Thursday to force the defending NBA champions to a decisive Game 7 in their Western Conference semifinal series.
SMB SURVIVES ROS SCARE
The battle-scarred Beermen were made to sweat by youthful but tough Rain or Shine before escaping with a 101-98 win and taking a 1-0 running start in the PBA Philippine Cup semifinal series yesterday.
