Reforms in public procurement, infrastructure oversight, and accountability must be fully carried out to ensure that the billion-peso flood-control corruption scandal does not happen again and those responsible are made to answer, according to four governance and business groups. In a joint...
The Philippine Amusement and Gaming Corp. (Pagcor) ordered casino operators to integrate specific corruption-linked red flags into their compliance systems, escalating its clampdown on dirty money moving through the country’s gaming hubs. Licensed operators and their service providers have six...
The Australian government has warned its citizens that terrorist attacks could occur anywhere in the Philippines, while reiterating its advisory against travel to several areas in Mindanao due to what it described as a “very high threat of terrorism.” In an updated travel advisory issued...
Philippine banks must strengthen safeguards against money laundering and terrorism financing across all payment activities, the Bangko Sentral ng Pilipinas (BSP) ordered, warning that banks remain accountable for violations even when using third-party payment aggregators. Under Memorandum No....
The Anti-Money Laundering Council (AMLC), the Philippine financial intelligence unit, has begun searching for its next executive director as Matthew David prepares to step down and seek another position within the Bangko Sentral ng Pilipinas (BSP). David led several asset freezes and seizures...
The Philippine National Police (PNP) on Friday, Feb. 20, expressed full support for President Marcos Jr.’s directed for government agencies to craft a national strategy to combat money laundering and terrorism financing as part of the administration’s intensified campaign against financial...
Executive Secretary Ralph Recto directed concerned agencies to intensify coordinated efforts to strengthen the country’s counter-terrorism response. Recto said this as he convened the 37th meeting of the Anti-Terrorism Council (ATC) on Feb. 12. In his remarks, Recto, who chairs the ATC, called...
TACLOBAN CITY — After over six years in detention, journalist Frenchie Mae Cumpio and activist Marielle Domequil were convicted of terrorism financing by the Regional Trial Court (RTC) Branch 45 here on Thursday. But the court acquitted them of charges of illegal possession of firearms and...
A ranking official of the Armed Forces of the Philippines (AFP) on Saturday, Dec. 21, bared that the mass shooting at Bondi Beach in Sydney, Australia should be viewed as an act of antisemitism rather than terrorism. Rear Admiral Roy Vincent Trinidad, AFP spokesperson for West Philippine Sea (WPS)...
ILOILO CITY — Two persons were charged for terrorism financing in Panay Island. The Police Regional Office-6, the 3rd Infantry Division (ID) of the Philippine Army, and the Regional Task Force to End Local Armed Conflict (RTF-ELCAC) confirmed the case. Col. Erwin Lamzon, 3rd ID spokesman, said...
Senator Ronald Bato Dela Rosa has filed a bill seeking to expand the grounds for the refusal or cancellation of registration of party-list groups. This includes the promotion or use of violence and unlawful acts involving vulnerable sectors such as children and youth; and any form of association...
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...
