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| L-R: Atty. Mel Georgie B. Racela - Executive Director, AMLC Secretariat; Atty. Rodel U. Buenaventura - Acting Director of the Commitments and Policy Group, AMLC Secretariat; Cecilio D. San Pedro – SBA President & CEO; Luisito S. Mayor – SBA Sr. Vice President & Operations Group Head |
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.
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