Philippines SEC groups up with US counterpart to fight crypto fraud

The Philippines Securities and Alternate Fee (SEC) has teamed up with its United States counterpart, in addition to the Asian Growth Financial institution to crack down on criminals utilizing cryptocurrencies to commit fraud and different monetary crimes.

In line with a Sept. 15 press launch, the three establishments carried out an Worldwide Group of Securities Commissions (IOSCO) Investigation and Enforcement Coaching workshop final month, in a bid to upskill their mixed fraud and rip-off prevention toolkit when it got here to crypto-related crimes.

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