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...
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...
Senator Sherwin Gatchalian on Sunday, May 25 welcomed the filing of money laundering cases against dismissed Bamban, Tarlac mayor Alice Guo which he believes is a result of the Senate’s relentless pursuit against crimes committed by illegal Philippine Offshore Gaming Operators (POGO). This...
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,...
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...
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...
CEBU CITY – The National Bureau of Investigation-Central Visayas (NBI-7) will file additional charges against individuals who were arrested for allegedly running an illegal Philippine Offshore Gaming Operator hub in Lapu-Lapu City, Cebu. Lawyer Rennan Oliva, chief of NBI-7, said that they plan to...
