26 Nov 2003

Palau senate overrides presidential veto

7:22 am on 26 November 2003

A two thirds majority in the senate of Palau has overridden a presidential veto of two bills.

President Tommy Remengesau had earlier struck down a banking bill that opponents say would create loopholes for money laundering and risk international sanctions.

Both the US and Japan have formally expressed concern about the proposed banking law changes.

In the second senate vote, a veto on a bill to legalise casino gambling was also overridden by the senate.

For the two bills to become law, they still have to be passed by the House of Representatives which is due to meet today.