Philippine laundering / APEC punishment / India definition

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INFO: $100-M laundering via banks, casinos probed. Financial regulators are investigating what could be the biggest single money laundering activity ever uncovered in the Philippines—a total of $100 million that was brought into the country’s banking system, sold to a black market foreign exchange broker, transferred to at least three large local casinos, sold back to the money broker, and moved out to overseas accounts, all in a matter of days.
Read the story by Daxim Lucas, in Philippine Daily Inquirer: http://business.inquirer.net/207742/100-m-laundering-via-ph-banks-casinos-probed

INFO: APEC members want punishment for bribery instituted. Members of the Asia-Pacific Economic Forum (APEC) said during the 22nd meeting of APEC’s Anti-Corruption and Transparency Working Group that bribery in international trade transactions should be punished.
Read the Xinhua story, in News Ghana: http://www.newsghana.com.gh/apec-members-wants-punishment-for-bribery-instituted/
INFO: Need to expand definition of corruption, says CBI chief in Mumbai. The chief of India's top investigating agency, the Central Bureau of Investigation or CBI, has called for expanding the definition of corruption to increase the scope of what the agency can investigate.
Read the story by Saurabh Gupta, in NDTV: http://www.ndtv.com/mumbai-news/need-to-expand-definition-of-corruption-says-cbi-chief-in-mumbai-1283008

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