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)...
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...
President Marcos has ordered the urgent implementation of the national anti-money laundering, counter-terrorism financing and counter-proliferation financing strategy 2023-2027 in order to meet international standards and enable the Philippines to exit the "grey list." President Ferdinand...
President Ferdinand "Bongbong" Marcos Jr. has ordered all government offices and departments to adopt the national anti-money laundering, counter-terrorism financing, and counter proliferation financing strategy (NACS). President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos...
The Anti-Money Laundering Council (AMLC) has recognized the Philippine Amusement and Gaming Corp. (PAGCOR) for its contribution in fighting money laundering and financing of terrorism. In a statement, the government’s gaming regulator and operator said it received commendation from AMLC for its...
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 government is determined to take steps to further improve the country's anti-money laundering and anti-terrorist financing regulations. President Rodrigo Duterte delivers a speech during the ceremonial signing of new laws in Malacañang on June 16, 2021. (Malacañang) Presidential spokesman...
