This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

​Philippines warns banks over forex deals, money changers

( April 7, 2016, 04:50 GMT | Official Statement) -- MLex Summary: In the wake of an $81 million money-laundering scandal, the Philippines' central bank has issued a memorandum reminding all banks to exercise extra caution and to perform enhanced due diligence when dealing with foreign exchange dealers, money changers and remittance agents. The memo added that violations of the country's anti-money laundering rules in its banking regulations will be subject to applicable sanctions and penalties. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections