Philippines needs to step up anti-money laundering drive

Philippines needs to step up anti-money laundering drive

THE Philippines, which remains on the “gray list” of countries regarded to be a risk to the international financial system, has nevertheless made progress in countering money laundering and terrorism financing despite the obstacles posed by the Covid-19 pandemic, according to the Financial Action Task Force (FATF).The international policymaking body said in a report released…

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Companies That Used Ammonia in California Pay Large Sum of Money for Alleged Clean Air Act Chemical Safety Violations

Companies That Used Ammonia in California Pay Large Sum of Money for Alleged Clean Air Act Chemical Safety Violations

Last month, the U.S. Environmental Protection Agency (EPA) announced settlements with multiple companies for alleged violations of Clean Air Act chemical release prevention requirements at four anhydrous ammonia facilities in Central California. The companies will pay over $800,000 in civil penalties and make safety improvements to their facilities…

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