Thursday, October 29, 2020

Banks told to guard vs dummy accounts

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By Melissa Luz T. Lopez Senior Reporter THE ANTI-MONEY Laundering Council (AMLC) has warned banks and other financial companies to tighten their watch against dummy accounts, used by drug dealers to hide illicit funds. The AMLC issued an advisory that requires reporting institutions to be on guard against “lend-out” […]

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