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...
Department of Public Works and Highways (DPWH) Secretary Vince B. Dizon on Friday, Sept. 12, vowed to recover public funds allegedly lost to irregularities in flood-control projects, stressing that taxpayers’ money must be returned from erring officials and contractors. Following directives from...
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...
The Philippines has successfully exited the grey list of the Financial Action Task Force (FATF) following reforms implemented by the Securities and Exchange Commission (SEC) to enhance financial integrity and transparency in the corporate sector. On the final day of the FATF plenary on Feb. 21,...
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...
Senator Risa Hontiveros welcomed on Thursday, August 8 the Court of Appeals (CA) issuance of a freeze order against the properties of Kingdom of Jesus Christ (KOJC) founder Apollo Quiboloy and other persons involved in the criminal cases filed against them by the government. “Deserve....
"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)...
The Securities and Exchange Commission (SEC) has filed its second money laundering case against Silverlion Livestock Trading Corp. for its allegedly illegal solicitation of investments from the public. A joint complaint was filed last June 4 by the SEC and the Anti-Money Laundering Council (AMLC)...
