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BSP shutters Foreignex

By Inquirer - 6 months ago
Local monetary authorities have revoked the registration of money changer and foreign exchange dealer Foreignex Inc., the fourth company that had its papers voided due to noncompliance with antimoney laundering regulations. In a statement on Tuesday, the Bangko Sentral ng Pilipinas (BSP) said its highest policy-setting body, the Monetary Board, approved the cancellation of the

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