JANUARY 2020 | International Law Alerts | International Economic Law

INTRODUCTORY regulations for the establishment of the Philippines’s Islamic banking sector has been approved by the Bangko Sentral ng Pilipinas (BSP) over the weekend, the country’s central monetary authority said in a statement on Tuesday.

One in five fish caught in the central western Pacific, which includes the exclusive economic zones of Indonesia, Malaysia, Philippines and Cambodia, is illegally traded. Annual losses are estimated at US$6 to 10 billion.

The Philippines has uncovered some fly-by-night online gaming operators that sprout in the metropolis and then close shop as soon as they receive funds from mainland China—an indication that some of these entities were being used to launder “dirty” money.