Terrorist Financing Prevention Program News Today

The Court of Appeals has sustained the decision of the Makati City Regional Trial Court to convict a former bank manager for money laundering over the $81 million stolen by hackers from the Bangladesh Bank in 2016.

Published February 9, 2021, 6:40 PM The Bangko Sentral ng Pilipinas (BSP) has issued an advisory warning banks and non-banks to be alert and detect clients or customers that are engaged in illegal online gambling and to report these activities to the proper government agencies including the central bank. BSP memo (Circular Letter No. CL-2021-012) reminded all BSP-supervised financial institutions (BSFIs) to transact only with licensed and registered online gambling operations and for all banks ...