30th January 2017
"We have to focus our efforts towards internal cleansing," Police Chief Ronald Dela Rosa said. Read More
27th January 2017
Mr Jammeh, thought to now be in Equatorial Guinea, is not the first leader accused of lining his own pockets with state funds. In fact, many have taken far more. Here are some of the worst offenders. Read More
20th January 2017
The Philippine central bank is tightening its surveillance of money-remittance firms to ensure they are not be used to launder dirty money and facilitate terrorist financing. Read More
4th January 2017
From 2000 to 2005 the Philippines was ‘blacklisted’ as a ‘non-cooperative’ country and subjected to significant sanctions by the Financial Action Task Force for its failure to tackle endemic problems with transparency and traceability in its financial system. Read More
13th December 2016
The Senate is giving more teeth to the Anti-Money Laundering Act (AMLA) by amending its current provisions to include casino operators and junket operators among the covered institutions of the law. Read More
1st December 2016
Casinos, real estate developers and dealers of high-value items will have to report any cash transaction exceeding P500,000 or $10,000 to the Anti-Money Laundering Council (AMLC) to help stop any illegal fund transfers in the Philippines. Read More
23rd November 2016
The Philippines' anti-money laundering watchdog has filed criminal charges against five officials of the RCBC (Rizal Commercial Banking Corp) bank as well as the former treasurer Raul Tan, for "wilfully" ignoring suspicious activity Read More
22nd November 2016
A money laundering complaint has been filed against the former treasurer of Rizal Commercial Banking Corp. and five other bank employees over the shifting of $81 million that was stolen from Bangladesh's foreign reserves to one of its branches. Read More
3rd October 2016
THE Philippines might be blacklisted by the Financial Action Task Force (FATF) if  the  country fails to  include casinos in the  coverage of the Anti-Money Laundering  Act  (AMLA). Julia Abad-Bacay, executive director of the Anti-Money Laundering  Council (AMLC), issued this warning after attending the budget hearing of the Senate committee… Read More
26th September 2016
The money-laundering threat in the country has been classified as “high,” with the threat posed by drug trafficking rated the highest among predicate crimes, a government report showed. According to “The 1st National Risk Assessment on Money Laundering and Terrorism Financing” report posted on the Anti-Money Laundering Council’s (AMLC) website,… Read More