SAN FERNANDO CITY, May 6 (PIA) – Close to 50 representatives of pawnshop and money changer companies have undergone briefings on the anti-money laundering law.
Conducted by the Bangko Sentral ng Pilipinas (BSP), the briefings were aimed at educating business operators, directors, officers, and employees of pawnshops, money changers, and remittance centers about the rules and regulations on pawnshop management.
They were also reminded on their duties, innovations and other rules governing their business operations.
“They will be able to know their obligations as business operators and will prevent incidents of money laundering in the banking industry,” said Lawyer Romel Erijo, legal officer of the Anti-Money Laundering Council.
Topics discussed included pawnshop regulation, management and supervision where 44 representatives participated on two separate days.
Under its rules, the BSP will not issue an authority to operate, certificate and acknowledgement of registration without undergoing the seminar.
The next briefing and seminar in Region 1 will be in Dagupan City on July 25 and 26. (MCA/MBR-PIA 1 La Union)