ADB keen to help Manila's money laundering rules

PHILIPPINES - The Asian Development Bank, or ADB, is keen to help the Philippines draft rules to implement effectively Manila's new law against money laundering.

In a letter to the Securities and Exchange Commission, an ADB official said the regional bank is willing to provide technical assistance in drafting the needed rules.

The bank can provide expertise in criminal and civil enforcement proceedings and help investigate money laundering cases, particularly those in the securities and insurance

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