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The Anti–Money Laundering Council (AMLC) is the agency of the Government of the Philippines that is tasked to implement the provisions of Republic Act No. 9160, also known as the Anti–Money Laundering Act of 2001 (AMLA), as amended, and Republic Act No. 10168, also known as the “Terrorism Financing Prevention and Suppression Act of 2012” (TFPSA).
In February 2013, Philippine President Benigno Aquino III signed "Republic Act No. 10365" known as An Act Further Strengthening the Anti-Money Laundering Law, [41] which aims to strengthen the AMLC by requiring that any suspicious transaction in foreign exchange, real estate, and jewelry and precious metal trading be reported. [42]
In 2022, Major General Carlos Garcia was sentenced to imprisonment by the Sandiganbayan anti-graft court for direct bribery, money laundering, perjury, and violation of articles of war by the General Court Martial of the AFP under Article 210, Revised Penal Code, Section 4 (b) of Republic Act 9160, and 96th and 97th Article of War by the ...
Philippine President Rodrigo Duterte signed a law on Friday to strengthen anti-money laundering and terrorist financing regulations ahead of a Feb. 1 deadline set by a global financial watchdog.
The Philippines is hopeful of being taken off the money laundering 'grey list' of the Financial Action Task Force (FATF) of this year, the country's Anti-Money Laundering Council said on Tuesday.
Bangladesh Bank chief, governor Atiur Rahman, resigned from his post amid the investigation of the central bank robbery and subsequent laundering of the money by the RCBC staff in the Philippines. He submitted his resignation letter to Prime Minister Sheikh Hasina on 15 March 2016.
From 2015 and 2018, Bautista was charged with acceptance of $1 million bribes from the three suspects relating to 2016 Philippine presidential election, in violation of the FCPA, money laundering and international laundering of monetary instruments. The evidence was submitted by the DOJ and the Ombudsman. [21]
De la Paz was detained for carrying a large sum of undeclared money. 2008 Legislature: Senate: Migz Zubiri: Pimentel III vs. Zubiri Senate Electoral Protest – Atty. Koko Pimentel filed an election protest at the Senate Electoral Tribunal (SET) against the proclamation of Migz Zubiri as senator in the aftermath of the 2007 Philippine Senate ...