AMLC, PayMaya join forces to combat financial crimes

AMLC, PayMaya join forces to combat financial crimes
The Manila Times
© Provided by The Manila Times
© Provided by The Manila Times
AMID the boom of cashless payments in the Philippines, leading digital financial services firm PayMaya has signed an Information-Sharing Protocol (ISP) agreement with the Anti-Money Laundering Council (AMLC) to help the government in its efforts to prevent and combat financial crimes in the country.
The ISP between AMLC and PayMaya will serve as a bilateral agreement and cooperative framework for more efficient communication and collaboration to prevent and mitigate financial crimes in the country.
“As we continue to enforce the country’s laws against money laundering and terrorism financing, collaboration with the private sector has become more crucial. We truly appreciate the support of PayMaya for this initiative, especially now that more Filipinos are employing cashless transactions,” said Atty. Mel Georgie Racela, executive director of the AMLC.

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