Skip to content

The Rainbow Star

Daily Dose Of News And Update

Menu
  • Home
  • About
  • Advertisement
  • Privacy Policy
  • Contact
Menu

Sterling Bank Of Asia Signs Agreement With Anti-Money Laundering Council

Posted on June 14, 2022June 19, 2022 by The Rainbow Star

Sterling Bank of Asia (SBA) signs an Information Sharing Protocol (ISP) Agreement with the Anti-Money Laundering Council (AMLC) to support government measures to combat financial crimes in the country.

The ISP framework aims to effectively control, detect, and investigate money laundering (ML), terrorism, and financing of terrorism (FT) in the country. It will also cover information exchange and capacity-building measures to enhance the ability to address ML, terrorism, and FT concerns. Further, the ISP aims to institutionalize an adequate documentation mechanism to perform targeted suspicious transaction monitoring and reporting, as well as develop valuable/breakthrough investigative leads.

 “This is in line with the Bank’s efforts in promoting a strong and good corporate governance culture,” said Cecilio San Pedro, SBA’s President and CEO.

SBA recognizes the importance of the collaboration between the public and the private sector in upholding a framework that will deliver a more efficient and effective identification and detection of financial crime patterns and trends.

“Sterling Bank will extend its full cooperation in the exchange of information and financial intelligence and full support in the capacity-building measure of AMLC,” said San Pedro.

 For more information and updates about Sterling Bank of Asia, visit www.sterlingbankasia.com and download the Sterling Bank Online App to experience secure and convenient banking.

Share this:

  • Tweet

Related

Leave a Reply Cancel reply

  • Facebook
  • Twitter
  • TikTok
  • YouTube
  • Instagram

Calendar

February 2023
S M T W T F S
 1234
567891011
12131415161718
19202122232425
262728  
« Jan    

Archives

Categories

  • Advocacy
  • Article
  • Beauty and Fashion
  • Business and Finance
  • Education
  • Entertainment
  • Food
  • Health and Fitness
  • Shopping
  • Technology
  • Uncategorized
Tweets by LhyzieBongon

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
© 2023 The Rainbow Star | Powered by Superbs Personal Blog theme