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                    [ArticleID] => 1419435
                    [Title] => BSP tells banks to closely monitor cross-border fund transfers
                    [Summary] => 
The Bangko Sentral ng Pilipinas mandated banks yesterday to implement additional measures regarding fund transfers to better guard against them being involved in unlawful activities.

                    [DatePublished] => 2015-02-03 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1438879
                    [AuthorName] => Kathleen A. Martin
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20150203/BSP-3.jpg
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                    [ArticleID] => 304055
                    [Title] => Informal channels capture $3B in OFW remittances, says BSP
                    [Summary] => 



The Bangko Sentral ng Pilipinas (BSP) said about $3 billion of remittances from overseas Filipino workers (OFWs) did not go through the formal banking system. 


This amount is on top of the BSP estimated actual fund transfers of $10.3 billion by the end of 2005 from OFWs. 


There are about six million OFWs and migrants deployed abroad whose level of remittances are increasing yearly. These consist of caregivers and health workers, seafarers, service staff, professional/technical workers and production related workers. 


                    [DatePublished] => 2005-10-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 204636
                    [Title] => FATF acts to deny terrorists access to funds
                    [Summary] => The Financial Action Task Force (FATF) is recommending a minimum threshold for cross-border and domestic wire transfers in an attempt to ferret out the movement of terrorist and criminal funds.
                    [DatePublished] => 2003-05-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 1419435
                    [Title] => BSP tells banks to closely monitor cross-border fund transfers
                    [Summary] => 
The Bangko Sentral ng Pilipinas mandated banks yesterday to implement additional measures regarding fund transfers to better guard against them being involved in unlawful activities.

                    [DatePublished] => 2015-02-03 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1438879
                    [AuthorName] => Kathleen A. Martin
                    [SectionName] => Business
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                    [ArticleID] => 304055
                    [Title] => Informal channels capture $3B in OFW remittances, says BSP
                    [Summary] => 



The Bangko Sentral ng Pilipinas (BSP) said about $3 billion of remittances from overseas Filipino workers (OFWs) did not go through the formal banking system. 


This amount is on top of the BSP estimated actual fund transfers of $10.3 billion by the end of 2005 from OFWs. 


There are about six million OFWs and migrants deployed abroad whose level of remittances are increasing yearly. These consist of caregivers and health workers, seafarers, service staff, professional/technical workers and production related workers. 


                    [DatePublished] => 2005-10-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 204636
                    [Title] => FATF acts to deny terrorists access to funds
                    [Summary] => The Financial Action Task Force (FATF) is recommending a minimum threshold for cross-border and domestic wire transfers in an attempt to ferret out the movement of terrorist and criminal funds.
                    [DatePublished] => 2003-05-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

BSP tells banks to closely monitor cross-border fund transfers

By Kathleen A. Martin | February 3, 2015 - 12:00am

The Bangko Sentral ng Pilipinas mandated banks yesterday to implement additional measures regarding fund transfers to better...

Business

Informal channels capture $3B in OFW remittances, says BSP

By Rocel Felix | October 28, 2005 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) said about $3 billion of remittances from overseas Filipino workers (OFWs) did not go through the formal banking system. This amount is on top of the BSP estimated...

Business

FATF acts to deny terrorists access to funds

By Des Ferriols | May 3, 2003 - 12:00am

The Financial Action Task Force (FATF) is recommending a minimum threshold for cross-border and domestic wire transfers in an attempt to ferret out the movement of terrorist and criminal funds.

Business