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                    [ArticleID] => 279535
                    [Title] => Money Laundering 101
                    [Summary] => Recently some articles pointed to jueteng and OFW remittance through SMS or text messaging as the new way to launder money.  Actually it’s nothing new. It’s only a recent adaptation of an ancient money transfer system which may even predate banks called  Hawala or Hundi.  


According to the Interpol, Hawala is an ancient system originating in South Asia which is being used today it is around the world to conduct legitimate remittances. 


                    [DatePublished] => 2005-05-29 00:00:00
                    [ColumnID] => 134315
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 254122
                    [Title] => OFW remittances slide due to anti-money laundering laws
                    [Summary] => International anti-money laundering laws have started to restrict dollars remittances from the Middle East into the Philippines, leading to a 5.6 percent decline from $699 million in March to $660 million last April. 


Data from the Bangko Sentral ng Pilipinas (BSP) revealed that the decline in April remittances from overseas Filipino workers (OFWs) resulted in a corresponding slowdown in the growth of remittances from January to April. 


                    [DatePublished] => 2004-06-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 211310
                    [Title] => AMLC may legalize ‘hawala’
                    [Summary] => The Anti Money Laundering Council (AMLC) is considering the possibility of legalizing the so-called "hawala" system of dollar remittance, a cheap and unregulated but unsecured system often preferred by overseas Filipino workers.


"Hawala is an Arabic term for courier or delivery services like door-to-door and the "padala" sytstem.


                    [DatePublished] => 2003-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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HAWALA

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                    [ArticleID] => 279535
                    [Title] => Money Laundering 101
                    [Summary] => Recently some articles pointed to jueteng and OFW remittance through SMS or text messaging as the new way to launder money.  Actually it’s nothing new. It’s only a recent adaptation of an ancient money transfer system which may even predate banks called  Hawala or Hundi.  


According to the Interpol, Hawala is an ancient system originating in South Asia which is being used today it is around the world to conduct legitimate remittances. 


                    [DatePublished] => 2005-05-29 00:00:00
                    [ColumnID] => 134315
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 254122
                    [Title] => OFW remittances slide due to anti-money laundering laws
                    [Summary] => International anti-money laundering laws have started to restrict dollars remittances from the Middle East into the Philippines, leading to a 5.6 percent decline from $699 million in March to $660 million last April. 


Data from the Bangko Sentral ng Pilipinas (BSP) revealed that the decline in April remittances from overseas Filipino workers (OFWs) resulted in a corresponding slowdown in the growth of remittances from January to April. 


                    [DatePublished] => 2004-06-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 211310
                    [Title] => AMLC may legalize ‘hawala’
                    [Summary] => The Anti Money Laundering Council (AMLC) is considering the possibility of legalizing the so-called "hawala" system of dollar remittance, a cheap and unregulated but unsecured system often preferred by overseas Filipino workers.


"Hawala is an Arabic term for courier or delivery services like door-to-door and the "padala" sytstem.


                    [DatePublished] => 2003-06-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Money Laundering 101

May 29, 2005 - 12:00am

Recently some articles pointed to jueteng and OFW remittance through SMS or text messaging as the new way to launder money. Actually it’s nothing new. It’s only a recent adaptation of an ancient money...

Business

OFW remittances slide due to anti-money laundering laws

By Des Ferriols | June 16, 2004 - 12:00am

International anti-money laundering laws have started to restrict dollars remittances from the Middle East into the Philippines, leading to a 5.6 percent decline from $699 million in March to $660 million last April....

Business

AMLC may legalize ‘hawala’

By Des Ferriols | June 25, 2003 - 12:00am

The Anti Money Laundering Council (AMLC) is considering the possibility of legalizing the so-called "hawala" system of dollar remittance, a cheap and unregulated but unsecured system often preferred by...

Business