PPATK, CIFOR team up in antimoney-laundering drive

A partnership was formed on Friday between the country's antimoney-laundering watchdog and the Center for International Forestry Research (CIFOR) to intensify the drive against the laundering of profits derived from illegal logging. The partnership arrangement, which is based on a Memorandum of Understanding, will be translated into a number of activities, including data-sharing, training, exchanges of experts and the formulation of guidelines to help financial institutions identify money-laundering activities and eventually prevent them.