-
Jan 19 2021 
Bicameral panel approves stricter ‘dirty money’ rules
THE BICAMERAL Conference Committee on Tuesday approved the bill strengthening the anti-money laundering law, although a key amendment pushed by Malacañang was not included in the final version.
The panel on Tuesday reconciled House Bill No. 7904 and Senate Bill (SB) No. 1945 which amends Republic Act No. 9160 or the Anti-Money Laundering Act (AMLA) of…
-
Jan 19 2021 
Bank plans to onboard more SMEs with app
A bank led by the Aboitiz clan launched last Tuesday a digital platform targeting to onboard small and medium-scale enterprises (SMEs).
Union Bank of the Philippines President and CEO Edwin R. Bautista said they plan to onboard 1 million SMEs into all its digital platforms in the next few years.
“It is an ambitious number but we…
-
Jan 19 2021 
SEC: Circular on contact details applies to all firms
The Securities and Exchange Commission (SEC) said the memorandum circular that requires all companies, partnerships and associations to designate their respective contact details also applies to the agency’s regulated and supervised corporations.
In a notice, the SEC said it needed to issue such clarification after the agency regarding the coverage of the measure which will be…
