Yahoo! Philippines News - Latest Philippines News & International News Headlines: Philippines urged to impose tough penalties vs illegal remittance agent

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Philippines urged to impose tough penalties vs illegal remittance agent Nov 15th 2012, 06:00 Manila (Philippine Daily Inquirer/ANN) - A coalition of bankers in Asia has called on central banks in the region to slap tougher penalties on illegal remittance agents, citing the consumer risks associated with an expanding black market for money transfers.

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