BusinessWorld
April 23, 2021 | 12:02 am
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Digital payments firm PayMaya Philippines, Inc. announced on Thursday that it had signed a partnership agreement with the Anti-Money Laundering Council (AMLC) to help the government in addressing financial crimes.
AMLC and PayMaya signed an information-sharing protocol agreement, which will serve as a bilateral agreement and cooperative framework “to prevent and mitigate financial crimes in the country,” the digital financial services company said in an emailed statement.
Under the agreement, AMLC and PayMaya will work together on information-sharing and capacity building.
PayMaya said the collaboration aims to “strengthen the integrity” of the country’s financial system.
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