Osmena expects AMLA amendments passed by Jan

Posted at Nov 09 2012 01:59 PM | Updated as of Nov 09 2012 09:59 PM

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Senator Sergio Osmena III expects the third round of amendments to the anti-money laundering law be passed by the Senate by January next year.

Last month, the Philippines avoided being put in the "blacklist" of the Financial Action Task Force, but the threat of being downgraded from currently being in the "gray list" still looms as the amendments remain pending in Senate, Osmena said. [email protected], November 9, 2012.