SEC strengthens measures against dirty money
- Italian Chamber of Commerce in the Philippines
- Feb 8, 2021
- 1 min read
Updated: Feb 9, 2021

The Securities and Exchange Commission (SEC) released a memorandum circular with approved guidelines outlining transparency in the ownership of corporations. These will help address money laundering and terrorist financing in the Philippines, through measures such as: "prohibiting the issuance of bearer shares, and requiring the disclosure of the identity of beneficial owners or persons who own or control corporations." Read more...
Source: Business World
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