The Court of Appeals (CA) has ordered the freezing of 135 bank accounts and 27 insurance policies of at least 26 Department of Public Works and Highways (DPWH) officials and contractors involved in anomalous flood control projects. In a press briefing, DPWH Secretary Vince Dizon, Anti-Money...
The Anti-Money Laundering Council (AMLC) has secured a freeze order for more than 130 bank accounts and insurance policies linked to a corruption scandal involving flood-control projects, officials announced Tuesday, Sept. 16. The Court of Appeals granted the order for 135 bank accounts and 27...
Senate President Pro Tempore Panfilo “Ping” Lacson has vowed to help the Anti-Money Laundering Council (AMLC) and the Anti-Red Tape Authority (ARTA) get the funding they need to fight money laundering and corruption. Lacson made the assurance at the hearing of the Senate Finance Committee when...
Sen. Erwin Tulfo said on Sunday, September 14 he will file a resolution calling for a Senate inquiry into the role of casinos in the anomalies surrounding government flood control projects. Tulfo said it was clear casinos were turning a blind eye on questionable transactions and refusing to report...
Malacañang said the Bangko Sentral ng Pilipinas (BSP) will further intensify anti-money laundering reforms as it welcomed the Philippines ' removal from the European Union’s list of high-risk third world countries. Palace Press Officer and Communications Undersecretary Claire Castro...
While the Philippines’ exit from the European Union’s (EU) high-risk jurisdictions list is expected to ease the country’s access to the EU financial system, debt watcher Moody’s still urged continued vigilance in sectors such as online gaming and cryptocurrency to ensure it does not return...
Malacañang said there is no commitment on the part of Marcos administration to comply with the International Criminal Court's (ICC) alleged plan to freeze the assets of former president Rodrigo Duterte. PCO Undersecretary Claire Castro (RTVM) If the ICC issues an order to freeze the assets of the...
If the International Criminal Court (ICC) makes a request to freeze the assets of former president Rodrigo Duterte, the government will let the Anti-Money Laundering Council (AMLC) handle it. PCO Undersecretary Claire Castro (Betheena Unite) Palace Press Officer and Communications Undersecretary...
With the Philippines officially off the global money-laundering watchlist, private-sector economists believe the country has now gained a competitive edge over its ASEAN neighbors, positioning itself as a top investment hub in the region. Bangko Sentral ng Pilipinas (BSP)-led Anti-Money Laundering...
(Unsplash) A congresswoman has called for stronger financial intelligence monitoring against online sexual exploitation of children (OSEC) following the conviction of a French animator who, for years, ordered the livestreamed rape of Filipino...
Alice Guo (left), Pastor Apollo Quiboloy (Facebook) Gabriela Women’s Party-list Rep. Arlene Brosas is pressing the Anti-Money Laundering Council (AMLC) to hasten its efforts to freeze bank accounts and other assets linked to dismissed Bamban, Tarlac Mayor...
The Bureau of Internal Revenue (BIR) is gearing up to strengthen interagency cooperation and coordination to effectively combat tax evasion and money laundering. BIR Commissioner Romeo D. Lumagui Jr. said it is necessary to enhance collaboration with the Anti-Money Laundering Council (AMLC) amid...
