+ Follow FINANCIAL ADVISORY TASK FORCE Tag
FINANCIAL ADVISORY TASK FORCE
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[results] => Array
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(
[ArticleID] => 264727
[Title] => HB 2403 strengthens BSP, PDIC
[Summary] => A bill has been filed at the House of Representatives increasing examination powers of the monetary authorities.
House Bill (HB) 2403 allows the Bangko Sentral ng Pilipinas (BSP), the Philippine Deposit Insurance Corp. (PDIC) and the Bureau of Internal Revenue (BIR) to look into bank deposits "for supervisory and tax audit purposes."
[DatePublished] => 2004-09-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[1] => Array
(
[ArticleID] => 196595
[Title] => Allied Bank reports 10% growth in resources
[Summary] => Allied Banking Corp. reported a 10-percent increase in its total resources from P114.45 billion in 2001 to P125.89 billion last year. Resources stood at P108.8 billion in 2000.
Likewise, unaudited figures indicate a modest growth in net income, from P1.01 billion in 2001 to P1.085 billion last year. In 2000, the Lucio Tan-run commercial bank earned P801 million.
"We are targeting net earnings at practically the same levels this year," Reynaldo A. Maclang, Allied Bank president, said.
[DatePublished] => 2003-02-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 194114
[Title] => BAP urges adjustments in customer services
[Summary] => A leading industry figure challenged the country’s banks to meet the increasing demands as well as the requirements of the market.
[DatePublished] => 2003-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[3] => Array
(
[ArticleID] => 191555
[Title] => BAP worried over NG’s ‘slow action’ vs money laundering
[Summary] => The Bankers Association of the Philippines (BAP) has expressed concern over what it described as a slow action being taken by the National Government to mitigate threats of international sanctions by the Financial Advisory Task Force (FATF), which will be holding its plenary session next month.
The FATF was formed in 1989 by the powerful Group of Seven (G-7) to serve as the principal international agency that sets standards on anti-money laundering efforts.
[DatePublished] => 2003-01-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 163824
[Title] => RP may be out of FATF list by Feb. — Buenaventura
[Summary] => The Philippines could be out of the Paris-based Financial Advisory Task Force’s list of uncooperative countries depending on whether or not the Philippine panel was able to convince the Asia Pacific Group (APG) of the FATF that the government is serious in its efforts to combat money laundering.
[DatePublished] => 2002-06-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 163580
[Title] => BSP concerned over impact of sale on banks
[Summary] => The Bangko Sentral ng Pilipinas (BSP) will be watching closely the reported sale of the Philippine Long Distance Telephone Corp. (PLDT).
In an interview, BSP Deputy Governor Amando Tetangco said monetary authorities are concerned over the impact of the sale on banks and non-bank financial institutions which have exposures to the Metro Pacific Group and the PLDT.
"If the ownership structure (of PLDT) will change, what will be the impact to the creditor banks?" Tetangco pointed out.
[DatePublished] => 2002-06-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 137812
[Title] => Fil-Chinese traders wary over some provisions of Money Laundering Act
[Summary] => Unconfirmed reports indicate that several businessmen identified with the Chinese-Filipino business community have expressed concern over certain provisions of Republic Act (RA) 9160 or the Anti-Money Laundering Law.
The businessmen have reportedly been calling officials of the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC), and the Insurance Commission (IC) to express concern over certain provisions, particularly the minimum amount which may be subject to scrutiny.
[DatePublished] => 2001-10-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 134896
[Title] => IC chief urges insurance firms to be vigilant in fight vs money laundering
[Summary] => The Insurance Commission (IC) is urging the life and non-life insurance industries to take extra steps in making sure that the customer is not laundering money through the acquisition of insurance policies.
IC Commissioner Eduardo T. Malinis said insurers are advised to report any suspicious transaction immediately to government authorities.
Malinis said particular attention should be given to anyone who acquires an insurance policy, life or non-life, then suddenly decides to terminate the policy after the payment of premium.
[DatePublished] => 2001-09-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 133827
[Title] => RP won’t seek extension of FATF deadline
[Summary] => Bangko Sentral ng Pilipinas (BSP) Governor Rafael B. Buenaventura said the Philippines will not ask for an extension of the Sept. 30 deadline set by the Financial Advisory Task Force (FATF).
Instead, Buenaventura said they have initiated talks with FATF representatives to explain the steps the Philippine government has taken to "criminalize" money laundering.
[DatePublished] => 2001-09-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 133519
[Title] => FATF sanctions to result in P34M daily losses for
[Summary] => The country could suffer opportunity losses estimated at roughly P34 million daily should the influential Financial Advisory Task Force (FATF) make good its threat to initiate sanctions against the Philippines estimates by the Bankers Association of the Philippines (BAP) show.
BAP chief economist Johnny Noe Ravalo said that aside from the opportunity losses the country’s reputation and small ticket transactions would likely be affected.
[DatePublished] => 2001-09-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
September 14, 2004 - 12:00am
