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BSP, AMLC to bring new anti-laundering powers to bear

      MANILA, Philippines--Philippine financial regulators have vowed closer cooperation to combat illicit funds and terrorist financing through the enhanced powers granted by Congress to the country's anti-money laundering agency. In particular, the Anti-Money Laundering Council (AMLC) and the Bangko Sentral ng Pilipinas (BSP) recently sealed a memorandum of agreement that renews their "firm commitment" to take on steps in addressing this crime. BSP Governor Benjamin Diokno, who also chairs the anti-money laundering body, and AMLC executive director Mel Georgie Racela signed the deal at the central bank recently. The AMLC implements and enforces Repu...

Keep on reading: BSP, AMLC to bring new anti-laundering powers to bear

from INQUIRER.net http://bit.ly/2H8dkPu

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Motorcyclist dead in Lucena collision

LUCENA CITY ---- A motorcyclist running against a one-way street died after he collided with another motorcycle in Lucena City early Friday....