Anti-Money Laundering Controls of an International Bank in the Philippines
Keywords:
know your customer, anti-money laundering, MLRO, bank, complianceAbstract
The main objective of the study was to identify the extent of effectiveness of anti-money laundering controls in place at an international bank based in the Philippines. It also identified the degree of awareness of local employees of the international bank in terms of their role as one of the main responsible in keeping our banks from doing services to launderers and offenders of different financial crimes. Variables touched on the study were Know Your customer, AML-Anti Money Laundering Process, Reporting, and Selection Management.
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