MANILA, Philippines — The Anti-Money Laundering Council (AMLC) is seeking expanded powers that will allow it to suspend ...
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Keeping up with the times

To ensure that the Philippines stays out of the Financial Action Task Force (FATF)’s so-called “gray list,” several changes to the current Anti-Money Laundering Act (AMLA) are needed. In February of ...
Opinion
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EDITORIAL - Give the AMLC more teeth

The ongoing investigations into the flood control corruption scandal as well as the impeachment trial of Vice President Sara Duterte are showing the difficulty of going after suspected dirty money.
(UPDATE) MANILA, Philippines — Rep. Chel Diokno and lawyer Michael Poa presented their oral arguments for the prosecution and defense respectively at the impeahcment trial of Vice President Sara ...
MANILA (Reuters) - The Philippines started the process to strengthen its anti-money laundering and bank secrecy laws on Tuesday, aiming to plug loopholes that allowed $81 million stolen in one of the ...
The Philippines’ anti-money laundering watchdog said it has secured a new court order to freeze 592 more bank accounts allegedly linked to graft-ridden flood control projects. “The sheer magnitude of ...
A Philippine court has ordered to freeze 135 bank accounts linked to allegedly graft-ridden flood control projects as President Ferdinand Marcos Jr. vowed to fight corruption in infrastructure ...