Philippines Seeks Tighter Scrutiny, Stiffer Penalty After Heist

  • Central bank plans reserves against foreign exchange swings
  • Raising capital to $4.31 Billion to Be Proposed, Aquino Says

The Bangko Sentral ng Pilipinas in Manila.

Photographer: Nana Buxani/Bloomberg

The Philippine central bank is seeking to tighten scrutiny and regulation of currency dealers, money-transfer and financial-technology companies after the country was dragged into one of the biggest ever bank heists.  

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