A security guard stands beside a logo of the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) posted at the main gate in Manila, Philippines April 28, 2016. The Philippine central bank has foiled attempts to hack its website, its governor said on Thursday amid a warning from global financial network SWIFT about recent multiple cyber fraud incidents targeting its system. REUTERS/Romeo Ranoco
MANILA: The Philippines started the process to strengthen its anti-money laundering and bank secrecy laws on May 10, aiming to plug loopholes that allowed US$81mil (RM328.36mil) stolen in one of the world's biggest cyberheists to pass through Manila banks and casinos.
The Department of Finance said it was working with the country's anti-money laundering council and central bank to amend the list of entities covered by its anti-money laundering law to include casinos. A draft bill was submitted to Congress, it said.
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