Philippines Securities and Exchange Commission (SEC) Chairwoman Teresita Herbosa said this week that her country has to expand its Anti-Money that is current Laundering (AMLA) to provide investigative authorities with extra resources and research abilities.
Bangladesh central bank boss Atiur Rehman stepped down on Tuesday, after an $81 million cyber heist of his country’s money. Ironically, Rehman is seen here after winning a 2014 Peace that is GUSI Prize for his work in neuro-scientific economics.
Specifically, Herbosa says gambling enterprises need to fall under the AMLA umbrella of regulatory oversight.
‘ We must bolster the legislation,’ Herbosa told reporters in Manila on Monday. ‘It’s a global effort to expel money laundering . . . We have to catch up with individuals doing that task.’
Charged with supervising the country’s corporate sector, spending public, and its securities and investment market, Herbosa is giving an answer to the Philippines’ obvious involvement in a successful $81 million cyber heist that spread from the usa to Southeast Asia.
Half Moved Through Casinos
More than half of the $81 million stolen in the cyber heist relocated through two regarding the nation’s casinos, according to PAGCOR, the Philippine’s video gaming authority that is regulatory. One unnamed PAGCOR official noted that the influx of funds went along to the Solaire Res Continue reading “Philippines SEC Calls for Casinos to Fall Under Anti-Money Laundering Legislation Following New York Fed Cyber Heist”
