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...
A total of 87 counts of money laundering complaint involving more than P100 million transactions was filed before the Department of Justice (DOJ) on Friday afternoon, Aug. 30, against 36 persons, including dismissed Mayor Alice L. Guo of Bamban, Tarlac and members of her family. The complaint was...
The Anti-Money Laundering Council (AMLC) has announced plans to implement an artificial intelligence (AI) system aimed at enhancing the detection and monitoring of money laundering activities in the country. During the Department of Finance (DOF) budget deliberations on Tuesday, Aug. 27, AMLC...
"I hope he tell these accusations under oath and waive his immunity." This was Commission on Elections (Comelec) Chairman George Erwin Garcia challenge to SAGIP Party-list Rep. Rodante Marcoleta's latest disclosure against the poll chief which involves two offshore bank accounts in the Cayman...
Senator Sherwin Gatchalian on Friday, July 12 disclosed that billions of alleged “unjustified” money went into the bank accounts of suspended Bamban, Tarlac Mayor Alice Guo sometime in 2019 to 2022. Gatchalian made the revelation a day after the Anti-Money Laundering Council (AMLC)...
Sen. Mark Villar reiterated the need for the passage of the Anti-Financial Account Scamming Act (AFASA) that would, not only provide for a penalty after the fact, but one that effectively responds to or even prevent criminals from facilitating various forms of financial scams. Sen. Mark Villar...
