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...
The Philippines is set to implement at least three measures that would stop the proliferation of terrorism financing, or the entry of funds from abroad to finance terrorist activities, an official of the Anti-Money Laundering Council (AMLC) said. AMLC Secretariat Executive Director Matthew...
Increased cost, more stringent requirements, and riskier disapprovals are awaiting the remittances of overseas Filipino workers (OFWs) if the Philippines is blacklisted by the Financial Action Task Force (FATF), a global anti-money laundering task force, the country’s Anti-Money Laundering...
President Marcos has set October 2024 as his administration’s target deadline to exit the gray list of the Financial Action Task Force (FATF), which leads global action in tackling money laundering, terrorist, and proliferation financing and categorizes countries according to their measures to...
The Philippines maintains its high-level political commitment in addressing the deficiencies to finally exit from the Financial Action Task Force (FATF) gray list, President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA/ Yummie Dingding) Marcos made the statement as...
Lawmaker Arnolfo Teves Jr.' assets will be frozen after being designated as a "terrorist" by the Anti-Terrorism Council (ATC). Negros Oriental 3rd District Rep. Arnolfo Teves Jr. The Anti-Money Laundering Council (AMLC) explained that the issuance of freeze order on Teves' assets was "simultaneous"...
The Anti-Money Laundering Council (AMLC) has recognized the Philippine Amusement and Gaming Corp. (PAGCOR) for its contribution in fighting money laundering and financing of terrorism. In a statement, the government’s gaming regulator and operator said it received commendation from AMLC for its...
The Anti-Money Laundering Council (AMLC) has deputized the Philippine Drug Enforcement Agency (PDEA) as financial investigator, a move that is seen as a boost in the country’s fight against drug money launderers. In a statement, the Deputized Anti-Money Laundering Council Financial Investigators...
