Senate President Pro Tempore Panfilo “Ping” Lacson has filed a measure seeking to give the Anti-Money Laundering Council (AMLC) additional powers and widening the scope of covered persons involved in financial crimes and updating the list of predicate offenses to money laundering. Lacson said...
Philippine financial intelligence unit Anti-Money Laundering Council (AMLC) has so far frozen nearly 2,000 bank accounts and assets valued at around ₱5.2 billion, while a bank inquiry into possible signs of money laundering remains ongoing. “As of this morning [Oct. 23], the total value of...
As the probe into controversial flood control projects continues, more than 800 new bank accounts have also been identified as having questionable transactions, leading authorities to add them to the growing list of frozen accounts. According to the Anti-Money Laundering Council (AMLC), it secured...
Senator Sherwin Gatchalian on Sunday, September 21 welcomed the Anti-Money Laundering Council (AMLC) for expanding its freeze orders on assets that are linked to flood control anomalies. This after the AMLC was able to secure a new freeze order from the Court of Appeals targeted at assets...
The Anti-Money Laundering Council (AMLC) has taken another step in its fight against corruption, securing a fresh freeze order to seize assets connected to the government’s flood control scandal. In a statement, AMLC Executive Director Matthew M. David said that the order, issued Friday, Sept....
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...
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...
