Poging GOUD - Vrij

SEC: Stronger AML/CFT measures in place

Manila Bulletin

|

June 18 2025

The Securities and Exchange Commission (SEC) has vowed to further strengthen its efforts to combat money laundering and terrorism financing in the corporate sector following the Philippines’ exit from the European Commission’s (EC) list of high-risk jurisdictions for financial crimes.

- By JAMES A. LOYOLA

“The SEC welcomes the Philippines’ exit from the EC list of high-risk jurisdictions. This milestone emphasizes the country’s strong commitment to ensuring the integrity of the financial and corporate sectors, making the country a more attractive hub for investors,” SEC Chairperson Francis Ed. Lim said.

He added that, “As the overseer of the corporate sector and the capital market, the SEC will continue adopting best practices in AML/CFT [anti-money laundering and combating the financing of terrorism] regulation, in line with global standards, to ensure that the corporate vehicle will not be used for illicit funding.”

The EC, the executive body of the European Union (EU), on June 10 issued a statement announcing the removal of the Philippines from the high-risk list, along with seven other jurisdictions.

MEER VERHALEN VAN Manila Bulletin

Manila Bulletin

Homegrown MSMEs see modest growth

The Philippines’ micro, small, and medium enterprises (MSMEs) posted modest but consistent growth in 2024, despite ongoing structural hurdles, according to the Manila-based multilateral lender Asian Development Bank (ADB).

time to read

2 mins

November 14, 2025

Manila Bulletin

PH athletes ready for Thai action

While an Olympic victory holds high value when measured within the confines of national pride and foreign exposure, it is in the Southeast Asian Games that we gauge ourselves against our neighboring rivals and come up with a true assessment of our preparedness to produce sporting champions once in every four years.

time to read

2 mins

November 14, 2025

Manila Bulletin

Israel urged to pardon Netanyahu

JERUSALEM - US President Donald Trump on Wednesday sent a letter to Israel's president asking him to pardon Prime Minister Benjamin Netanyahu in a long-running corruption trial that has bitterly divided the country.

time to read

2 mins

November 14, 2025

Manila Bulletin

Christmas behind bars for 40 suspects in flood control project scandal

Christmas won't be merry for those involved in the massive multi-billion-peso flood control anomalies, President Marcos warned, as Department of Public Works and Highways (DPWH) Secretary Vince Dizon bared that more than 40 individuals involved in this scandal would likely be in jail as early as November this year.

time to read

5 mins

November 14, 2025

Manila Bulletin

Peso faces potential slide to P60:$1

Should ongoing governance concerns and investors' flocking to safe-haven United States (US) dollars continue, the Philippine peso could come crashing down to the P60:$1 level.

time to read

2 mins

November 14, 2025

Manila Bulletin

Meet the new BIR chief: Mendoza the 'solution-finder'

Charlito Martin \"Charlie\" Mendoza, a top-ranking lawyer and licensed geodetic engineer, has been appointed by President Marcos as commissioner of the Bureau of Internal Revenue (BIR), the agency responsible for over 70 percent of government revenues.

time to read

2 mins

November 14, 2025

Manila Bulletin

Manila Bulletin

Kokoy De Santos makes theater debut in 'ATENG'

Playwright Vincent de Jesus looks forward to the highly anticipated comeback on stage of his Carlos Palanca Award-winning play, ATENG. The play will be performed at the Rampa Drag Club in Tomas Morato Extension, Quezon City, from Nov. 14 to Dec. 7 (every Friday, Saturday, and Sunday).

time to read

4 mins

November 14, 2025

Manila Bulletin

170 Filipinos in scam hubs awaiting repatriation

Some 170 distressed Filipinos are still awaiting repatriation from scam hubs in Southeast Asia, the Department of Foreign Affairs (DFA) said on Wednesday, Nov. 12.

time to read

1 min

November 14, 2025

Manila Bulletin

As it was in the days of Noah...

Jesus compares the days of the Son of Man with the two catastrophic events in Genesis, namely: (1) the days of Noah when the people were carefree, enjoying life without due regard to God, and then the Deluge came; and (2) the days of Lot, when people were so violent and immoral, and then fire and brimstone destroyed their cities of Sodom and Gomorrah.

time to read

1 mins

November 14, 2025

Manila Bulletin

3,000 schools damaged, 1 million learners affected by 'Uwan' - DepEd

The Department of Education (DepEd) on Wednesday, Nov. 12, confirmed massive disruptions to education in Northern and Central Luzon following the onslaught of super typhoon “Uwan,” which caused widespread damage to schools and displaced hundreds of thousands of learners and teachers.

time to read

1 mins

November 14, 2025

Listen

Translate

Share

-
+

Change font size