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                    [ArticleID] => 380848
                    [Title] => ‘Anti-money laundering policy hurting tourism’
                    [Summary] => 



International airlines and travel agencies have urged the Bureau of Customs and the Bangko Sentral ng Pilipinas (BSP) to reconsider its policy of confiscating large amounts of money from passengers of arriving international flights for failing to declare cash they are bringing into the country.


They warned that the implementation of a BSP regulation requiring passengers to declare local and foreign currency exceeding P10,000 or its equivalent in foreign currency may drive moneyed foreign tourists away.


                    [DatePublished] => 2007-01-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1664250
                    [AuthorName] => Rainier Allan Ronda
                    [SectionName] => Metro
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TOSHIMI FUKUTA

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                    [ArticleID] => 380848
                    [Title] => ‘Anti-money laundering policy hurting tourism’
                    [Summary] => 



International airlines and travel agencies have urged the Bureau of Customs and the Bangko Sentral ng Pilipinas (BSP) to reconsider its policy of confiscating large amounts of money from passengers of arriving international flights for failing to declare cash they are bringing into the country.


They warned that the implementation of a BSP regulation requiring passengers to declare local and foreign currency exceeding P10,000 or its equivalent in foreign currency may drive moneyed foreign tourists away.


                    [DatePublished] => 2007-01-20 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Rainier Allan Ronda
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abtest

‘Anti-money laundering policy hurting tourism’

By Rainier Allan Ronda | January 20, 2007 - 12:00am

International airlines and travel agencies have urged the Bureau of Customs and the Bangko Sentral ng Pilipinas (BSP) to reconsider its policy of confiscating large amounts of money from passengers of arriving...

Metro