MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is urging banks to improve their beneficial ownership (BO) due diligence to boost transparency and deter financial criminals hiding behind seemingly legitimate businesses with complex corporate structures. Memorandum No. M-2024-021 dated June 20 provided the BSP supervised financial institutions (BSFIs) with a guidance paper that would Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
