MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has revoked the license of two foreign exchange dealers linked to the P10-billion pork barrel scam allegedly masterminded by jailed businesswoman Janet Lim-Napoles. In a statement issued yesterday, the BSP’s Monetary Board announced it had cancelled the certificates of registration of Zenaida Artuz’s Edzen Enterprises and Elliot Artuz’s World Wide Money Changer as remittance agents, foreign exchange dealers and money changers. “The cancellation was due to significant violations of their Deeds of Undertaking,” the BSP said. Court data showed Edzen Enterprises and Key West Trading were the principal money remitters and foreign exchange dealers used by Napoles to send stolen funds from the Philippines to the United States. Napoles and her associates allegedly siphoned off P10 billion in Priority Development Assistance Funds (PDAF) or pork barrel funds over an eight-year period.

Source: Philippine Star May 08, 2018 15:33 UTC