All posts tagged "Rodrigo Duterte"
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170AML / KYCPhilippine President to Prioritise Bill to Ease Bank Secrecy Rules
The BSP welcomed the move, saying the bill will provide the central bank tools to investigate illegal activity and improve the safety of the banking system.
August 20, 2021 -
108Asia-Pacific
BSP Sets Out Approval Procedures for Bad Loan Disposal
The BSP has set out the procedure for lenders to apply for approval to dispose of NPAs under the provisions of the FIST Act.
June 3, 2021 -
324Asia-Pacific
BSP May Raise Cap on Digital Banking Licences
Under the digital banking framework approved by the BSP in November, the number of digital bank licences is capped at five.
April 26, 2021 -
243AML / KYCBSP Renews Push for Changes to Bank Secrecy Law
BSP Governor Benjamin Diokno expects a pending bill to be acted upon by Congress as early as May.
April 23, 2021 -
237Asia-Pacific
Philippine President Duterte Signs ‘Bad Bank’ Bill Into Law
The law will help cushion lenders from a build-up of bad loans due to the Covid-19 crisis, allowing them to dispose of bad assets and keep the banking system stable.
February 18, 2021 -
325AML / KYCPhilippines Enacts AML Amendments to Avoid FATF Grey List
Offshore gaming operators, their service providers, real estate developers and brokers have been brought into scope as covered entities.
February 4, 2021 -
445AML / KYCUPDATED: Philippine Senate Approves Amendments to AML Law
The approval comes ahead of an evaluation by the FATF, slated for February, as the Philippines seeks to avoid being gray-listed.
January 19, 2021 -
1.2KAML / KYC
Philippines Approves House Bill to Strengthen AML Law
The amendments will bring precious metals dealers, casinos and real estate brokers and developers into scope under the Anti-Money Laundering Act.
November 27, 2020 -
808Asia-Pacific
Philippine Senate Passes Bill to Establish ‘Bad Bank’ Framework
The bill was fast-tracked amid fears that loan defaults could burden lenders and hamper their ability to provide credit to businesses and consumers.
November 16, 2020 -
5.4KAML / KYCPhilippines Begins Roll-out of New National ID System
PhilSys will mean wider inclusion in the financial ecosystem for the unbanked, allowing cash aid, credit and other welfare spending to reach them faster.
October 16, 2020
