Metrobank tightens review of accounts linked to negative media coverage
Metrobank’s anti-money-laundering chief says the bank re-examines transactions of customers featured in adverse press before filing reports with the AMLC.
Niña Aguilar, who leads Metrobank’s Anti-Money Laundering Division, explained that the bank conducts additional scrutiny of any client whose activities have been highlighted in negative news stories. These reviews are performed prior to submitting the required filings to the Anti-Money Laundering Council. The policy aims to ensure compliance and mitigate reputational risk. The bank operates out of Manila, Philippines.
Why it matters
It shows how banks are tightening AML checks when clients attract negative publicity, affecting compliance and reputational risk.
In this story
anti-money launderingtransaction reviewnegative mediacompliancefinancial riskMetrobankAMLPhilippines
