The Anti-Money Laundering Council may have hinted Thursday, Sept. 23 that it has started the “first stage” in determining possible money laundering activities involving Pharmally Pharmaceuticals. House of Representatives plenary This after Quirino Rep. Junie Cua, vice chairman of the House...
The Anti-Money Laundering Council (AMLC) should now act to freeze the assets of Pharmally Pharmaceutical Corp.’s executives following revelations in the ongoing Senate investigation into the P11.5-billion worth of questionable contracts with the Duterte government, Senator Leila de Lima said....
Senator Grace Poe on Thursday, July 1, asked the Anti-Money Laundering Council (AMLC) for a report on its efforts and the challenges it is facing to have the Philippines removed from the list of countries tagged as high risk for money laundering and terrorist financing. Senator Grace Poe Poe,...
The 29 individuals tagged by the Anti-Terrorist Council (ATC) as "terrorists" who are now included in their watch list may resort to "remedies" to have their names delisted from the roster, the Department of the Interior and Local Government (DILG) said Friday, May 14. Department of the Interior...
All financing and lending companies are now required by the Securities and Exchange Commission (SEC) to register with the Anti-Money Laundering Council (AMLC). These firms are also directed to report suspicious transactions and comply with other rules and standards aimed at combating money...
Some P3.19 billion of COVID-19 financial crimes have been filed as suspicious transaction reports (STRs) from January to August this year, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Photo credit: http://www.amlc.gov.ph/about-us Diokno, also chairperson of the...
The Anti Money Laundering Council (AMLC) said the increasing crime of online child pornography in the Philippines – estimated to be more than a $1 billion industry -- is a money laundering and terrorism financing threat and is further escalating despite laws against cybercrime and efforts to rid...
