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SEC strengthens measures against dirty money

Updated: Feb 9


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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