Philippines

AML / KYC

Philippines AML Council Files Charges Against RCBC Officials

By Samuel Riding | 24/11/2016

Regulator says officials should have acted on ‘red flags’ on Bangladesh heist money.

Market Infrastructure

BSP Shuts 20th Lender in 2016

By Samuel Riding | 21/11/2016

‘Ailing’ rural bank had total deposit liabilities of USD573,845, insured deposits of USD493,305.

AML / KYC

Duterte Accuses BSP, AMLC of Recklessness

By Samuel Riding | 16/11/2016

Philippines president says regulators are not cooperating with government money laundering investigations.

AML / KYC

Philippines Finalises USD Securities Rules

By Samuel Riding | 15/11/2016

Regulator says move aims to increase capital without incurring forex risks.

Uncategorised

Basel III – Tailoring a One Size Fits All Approach

By Samuel Riding | 10/11/2016

Emerging Asia’s adherence to international rules may not be the answer for challenges such as boosting financial inclusion.

Big Picture

The Big Picture – ‘Chiz’ Escudero, Chair of Philippines Senate Banking Committee

By Samuel Riding | 08/11/2016

Campaigning Senator talks Basel III, banking secrecy and more.

AML / KYC

Bangladesh to Get $15mn of Heist Money Back This Week

By Samuel Riding | 07/11/2016

A further $30mn which found its way to a casino’s accounts is expected to follow.

AML / KYC

HK FIs Exclude Up to 25% of Potential Customers Due to Compliance

By Samuel Riding | 02/11/2016

Lexis Nexis survey suggests KYC data sharing could help institutions’ meet financial inclusion goals.

AML / KYC

Philippines Tightens Rules on Inactive Deposit Accounts

By Samuel Riding | 27/10/2016

Accounts having no transaction within a five-year period are considered dormant