Malacañang has welcomed the country's much-wanted exit from the Financial Action Task Force (FATF) greylist , saying the development reaffirms the government's actions are aligned with international standards. File photos In a statement, Executive Secretary Lucas Bersamin said the country's exit...
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...
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...
House Ways and Means panel chairman and Albay 2nd district Rep. Joey Salceda thinks that Congress should legislate “Al Capone” laws to impose greater taxation on seized ill-gotten wealth and money laundering, as well as allow evidence of tax evasion to be used to assist in the prosecution of...
The Philippine National Police (PNP) has signed a number of agreements with the Anti-Money Laundering Council (AMLC) as part of the move to cripple the operational capability of various terror groups in the country. PNP chief Gen. Guillermo Lorenzo Eleazar the move is also aimed at removing the...
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,...
It will take as long as two years before the Philippines can be taken out of the “grey list” of dirty money watchdog Paris-based Financial Action Task Force (FATF), according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. Diokno said the Philippines’ delisting from the grey...
The Philippines is again placed in the “grey list” of Paris-based Financial Action Task Force (FATF), one of 22 countries found with serious Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) deficiencies, which raises the risk of “dirty money” transactions on trade...
The Securities and Exchange Commission (SEC) has introduced measures to combat money laundering and terrorist financing in the Philippines, and keep the country off the gray list of the Financial Action Task Force (FATF). In a statement, the SEC said that these measures are aimed at further...
