Unregistered entities may face more stringent AMLC sanctions
Unregistered designated non-financial businesses and professions that failed to register on time could face more stringent sanctions from the financial intelligence unit, according to the Anti-Money Laundering Council......»»
Deal only with registered entities – AMLC
The Anti-Money Laundering Council (AMLC) has reminded covered persons to deal only with registered designated non-financial businesses and professions (DNFBPs), as failure to do so may lead to sanctions......»»
New sanctions package against Russia
Foreign Minister Winston Peters today announced a new package of sanctions as part of the ongoing international sanction response to Russia's illegal invasion of Ukraine in February 2022. The new sanctions are: "Increasingly sophisticated methods are being used in the effort to evade sanctions. By targeting evasion methods, the Governmen.....»»
AMLC to be invited in next Senate hearing on Quiboloy s alleged abuses
The Senate women and gender equality committee has invited the AMLC to attend the next hearing as the panel seeks to determine the extent to which Quiboloy siphoned funding from KOJC followers through money laundering......»»
Lapu-Lapu schools return to face-to-face classes – Chan
LAPU-LAPU CITY, Cebu — Lapu-Lapu City Mayor Junard “Ahong” Chan announced the return of face-to-face classes for public schools starting today, April 17, 2024. However, in a Facebook post, Chan said that the face-to-face classes shall only be scheduled from 6:00 a.m. to 10:00 for morning classes and 3:00 p.m. to 6:00 p.m. for afternoon.....»»
Travel agencies group warns about cheap, illegal operators
The Davao Travel Agencies Association (DTAA) has issued a warning about unregistered and illegal travel and tour operators in their area. These operators have been found to be offering travel and tour services without proper licensing, leading to issues such as lack of refunds, scheduling problems, and other travel arrangement discrepancies. Pia Partoza Montano, a travel agency owner and Vice-President for the Travel and Tours Sector of DTAA, emphasized the prevalence of these unauthorized operators, particularly in inbound tourism, and the challenges in monitoring and regulating them due to their large numbers. Montano also highlighted the potential risks associated with using these unregistered agencies, as they may offer cheaper rates but could lead to problems in case of incidents. To address this issue, the Department of Tourism-Davao (DOT-Davao) has introduced a QR code system to help the public verify the legitimacy of travel agencies by accessing data on authorized and registered operators. The DOT-Davao encourages travelers to transact with accredited enterprises to ensure the quality and reliability of their travel arrangements. Currently, there are at least 109 registered travel and tour agencies in Davao City under DOT-Davao's accreditation. The DOT-Davao also provides information on the requirements for registration and renewal for travel agencies on their official website. This warning serves as a reminder for the public to be cautious and discerning when engaging with travel and tour operators to avoid falling victim to unauthorized and illegitimate services......»»
SEC Orders Removal of Binance from Apple, Google App Stores
The Philippines’ Securities and Exchange Commission (SEC) ordered Apple and Google to remove Binance’s app from their app stores, citing concerns about investor protection and Binance’s alleged violation of Philippine securities laws. The SEC said in a news release that Binance was operating as an unregistered broker selling or offering unregistered securities, posing a threat […].....»»
DTI NegOcc warns public of unregistered lending firm
DTI NegOcc warns public of unregistered lending firm.....»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
US Senate panel urges Treasury Dept to make tech firms comply with sanctions
US Senator Mark Warner says tech companies like Alphabet and Meta have continued to provide adtech services to sanctioned entities with ties to 'foreign adversaries'.....»»
New AES provider continues to face scrutiny despite award
The newly awarded provider for the 2025 national and local elections continues to face scrutiny despite securing the notice of award from the Commission on Elections. Digital Pinoys national campaigner Ronald Gustilo said that the group will continue to scrutinize the winning entities even though Miru Systems Co. Ltd. was already declared as the winning […].....»»
Himamaylan DepEd to shorten face-to-face classes
Himamaylan DepEd to shorten face-to-face classes.....»»
Treñas extends suspension of face-to-face classes in Iloilo City due to extreme heat conditions
Treñas extends suspension of face-to-face classes in Iloilo City due to extreme heat conditions.....»»
ACLEx holds first face-to-face MCLE in post-pandemic era
This was the first face-to-face lecture series conducted by the Supreme Court-accredited MCLE provider since the COVID-19 pandemic......»»
No sanctions for teacher scolding pupils — VP Sara
MANILA, Philippines — Vice President and Secretary of the Department of Education (DepEd) Sara Duterte announced on Thursday that the teacher who was seen in a viral video scolding her class will not face any penalties. According to Duterte, she just wants to remind the teacher that when she is angry, she has to pause.....»»
China criticises 'bewildering' US trade policies in face of curbs from Washington
Beijing [China], March 7 (ANI): Chinese Foreign Minister Wang Yi criticised the United States for its "bewildering" trade policy, describing it as a series of "unfathomable absurdities," CNN reported. In a press conference held on the sidelines of a political gathering in Beijing, Wang accused Washington of employing various tactics to suppress China, highlighting the growing list of unilateral sanctions as reaching "bewi.....»»
China criticises 'bewildering' US trade policies in face of curbs from Washington
Beijing [China], March 7 (ANI): Chinese Foreign Minister Wang Yi criticised the United States for its "bewildering" trade policy, describing it as a series of "unfathomable absurdities," CNN reported. In a press conference held on the sidelines of a political gathering in Beijing, Wang accused Washington of employing various tactics to suppress China, highlighting the growing list of unilateral sanctions as reaching "bewi.....»»
Reviving Your Savings After a Vacation
The rejuvenating power that a vacation brings can be quickly overshadowed by the reality of depleted savings and budgetary constraints. As the dust settles from your joyous escapades, it’s easy to slip into a mindset of austerity, contemplating drastic changes to your financial habits. However, before you start stringent belt-tightening, it’s important to have a […].....»»
Philippine Company Earns Lead Safe PaintCertification
1 March 2024, Quezon City, Philippines. Architectural, marine, automotive, traffic, textile, and industrial paints produced by a 100% Filipino-owned paint company were declared Lead Safe Paint (LSP) following a third-party certification that verifies paints contain less than 90 parts per million (ppm) total lead, the most stringent regulatory limit for lead content in pain.....»»
Philippine Company Earns Lead Safe PaintCertification
1 March 2024, Quezon City, Philippines. Architectural, marine, automotive, traffic, textile, and industrial paints produced by a 100% Filipino-owned paint company were declared Lead Safe Paint (LSP) following a third-party certification that verifies paints contain less than 90 parts per million (ppm) total lead, the most stringent regulatory limit for lead content in pain.....»»
VP Sara ready to face ICC charges only before a Filipino court
Vice President Sara Duterte expressed her readiness to confront any allegations against her but insisted that she would only do so in front of a Filipino judge and within the jurisdiction of a Filipino court. In a statement on her Facebook page, she emphasized her refusal to participate in any process that could tarnish the reputation and integrity of the Philippine judiciary system. Duterte adamantly opposed the involvement of foreign entities in the country's legal affairs, citing it as a dishonor to the sacrifices made by Filipino heroes for the nation's freedom. Duterte, who previously served as vice mayor and mayor of Davao City, vehemently denied any involvement in the Davao Death Squad during her terms in office. She expressed dismay over the sudden appearance of a witness against her in the International Criminal Court (ICC) after assuming the vice presidency. Duterte dismissed the accusations and questioned the motives behind the allegations, asserting her capability to accomplish tasks without resorting to unlawful means. In a related development, President Ferdinand Marcos Jr. voiced his refusal to acknowledge the ICC's jurisdiction in the Philippines, considering it a threat to the country's sovereignty. He issued a directive for all government agencies to refrain from cooperating with the ICC, emphasizing the nation's non-recognition of the court's authority. Former senator Antonio Trillanes IV claimed that ICC investigators had gathered substantial evidence against former President Rodrigo Duterte regarding his administration's war on drugs. He anticipated an imminent issuance of an arrest warrant against the former president. Former President Rodrigo Duterte condemned the ICC's decision to initiate a preliminary investigation into the war on drugs, labeling it an insult to the Philippines and challenging the court's jurisdiction within the country. During his presidency, he initiated the withdrawal of the Philippines' membership from the Rome Statute, the treaty that established the ICC. The ICC appeals chamber recently granted a request to resume the investigation into alleged crimes against humanity related to the Philippines' controversial drug campaign, spanning from November 2011 to March 2019. The developments surrounding the ICC's probe into the Philippines' internal affairs have sparked a contentious debate, with key political figures and rights groups expressing divergent views on the matter. The ongoing tensions between the Philippines and the ICC underscore the complex intersection of international law, national sovereignty, and human rights issues......»»