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...
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...
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 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...
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....
