The expansion in the coverage of said declaration was proposed by the Anti-Money Laundering Council in order to comply with the Financial Action Task Force's Special Recommendation IX, which requires countries to have measures in place, including a declaration system or other disclosure obligation.
More Quotes from Amando Tetangco:
Improved macroeconomic conditions, particularly on the fiscal front, as well as upbeat expectations for 2006 heightened investor confidence.Amando Tetangco
The increase in the rate is intended to address possible second-round effects on consumer prices coming from supply shocks. We have to continue to assess the situation and decide on what will be the inflation expectation that could arise from possible higher wages and transport costs.
Amando Tetangco
The Central Bank is not going to let inflation get out of hand (in the Philippines).
Amando Tetangco
The deceleration in liquidity growth may be traced mainly to lower net credits to the public sector as a result of the improved fiscal performance.
Amando Tetangco
Positive sentiment has also continued to strengthen the peso exchange rate, thus providing continued stability to domestic prices of imports.
Amando Tetangco
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We can pay our debts to the past by putting the future in debt to ourselves.
John Buchan
I shall earnestly and persistently continue to urge all women to the practical recognition of the old Revolutionary maxim. Resistance to tyranny is obedience to God.
Susan B. Anthony
The philosophy of the common man is an old wife that gives him no pleasure, yet he cannot live without her, and resents any aspersions that strangers may cast on her character.
George Santayana