• The Securities and Exchange Commission (SEC) has signed data sharing agreements (DSAs) with nine law enforcement agencies and competent authorities, granting them access to beneficial ownership information of corporations registered with the Commission.
  • The SEC said this will boost its efforts to combat money laundering and terrorism financing, as it equips more government agencies with data that may help them uncover illegal activities carried out through the corporate vehicle.
  • Signatories to the DSAs include the Philippine Drug Enforcement Agency, Insurance Commission, Cagayan Economic Zone Authority, National Bureau of Investigation, Department of Justice, Philippine Center on Transnational Crime, Department of Agriculture (DA), Intelligence Service of the Armed Forces of the Philippines (ISAFP), and the Philippine Economic Zone Authority (PEZA).