Antimoney laundering rules tightened

Posted in Asia News on

The Bangko Sentral ng Pilipinas's Monetary Board has approved amendments to regulations governing anti-money laundering and anti-terrorist financing efforts which include “refinements in the conduct of customer due diligence, more pragmatic definition of ‘official document’ and the use of other reliable, independent source documents, data or information for customer identification and verification.”
Source: Inquirer.net, 18/03/2017

Open in new window: http://business.inquirer.net/226339/antimoney-laundering-rules-tightened