Senator Jinggoy Estrada, Bamban Mayor Alice Guo (Facebook) Senate President Pro Tempore Jinggoy Estrada wants to get to the bottom of the money-laundering claims against controversial Bamban, Tarlac Mayor Alice Guo. In a statement Monday, June 24,...
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...
President Marcos has set October 2024 as his administration’s target deadline to exit the gray list of the Financial Action Task Force (FATF), which leads global action in tackling money laundering, terrorist, and proliferation financing and categorizes countries according to their measures to...
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...
Finance Secretary Benjamin E. Diokno commended the Securities and Exchange Commission (SEC) for its efforts in ensuring the security of the people’s money and investments. In his keynote speech for SEC’s 87th anniversary, Diokno said that the Commission has enforced investigations against...
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...
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...
DUBAI, United Arab Emirates – The United Arab Emirates has promised "robust actions" against money-laundering and terrorist financing after the Middle East financial hub was placed on a grey list of countries subject to heightened scrutiny. The wealthy Gulf state, which includes the...
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 may have hinted Thursday, Sept. 23 that it has started the “first stage” in determining possible money laundering activities involving Pharmally Pharmaceuticals. House of Representatives plenary This after Quirino Rep. Junie Cua, vice chairman of the House...
