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Philippines back in dirty money watchdog's 'gray list'

ABS-CBN News
Updated as of Jun 28 09:58 AM

A global dirty money watchdog has placed the Philippines anew on its "gray list" or jurisdictions under increased monitoring after failing to address strategic deficiencies in their regimes to counter money laundering, terrorist financing and proliferation financing. Read more »

PNP: Police, AMLC freeze assets of allegedly ‘high-value’ drug suspect in Cebu

ABS-CBN News
Posted at Feb 19 10:54 PM

The PNP and the Anti-Money Laundering Council have implemented the Court of Appeals' freeze order on the assets of an allegedly "high-value" drug suspect arrested in Cebu, police said Friday. Read more »

Duterte tightens anti-money laundering rules to avoid `gray list'

Reuters
Posted at Jan 31 09:06 AM

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. Read more »

Duterte signs measure boosting Anti-Money Laundering Law

ABS-CBN News
Updated as of Jan 29 10:28 PM

MANILA (UPDATED) — President Rodrigo Duterte on Friday signed a measure amending the Anti-Money Laundering Act (AMLA), in a bid to boost regulations on money laundering in the Philippines.  Read more »

AMLC approves freezing of properties, funds tied to communist movement

ABS-CBN News
Posted at Dec 28 11:36 PM

The Philippines' Anti-Money Laundering Council ordered an immediate freeze on assets of groups linked to the country's communist movement. Read more »

AMLC orders freezing of property, funds tied to CPP-NPA

Mike Navallo, ABS-CBN News
Updated as of Dec 28 10:43 AM

The Anti-Money Laundering Council (AMLC) has ordered the freezing of properties and funds that may have links to the Communist Party of the Philippines (CPP) and the New People’s Army (NPA), according to Justice Secretary Menardo Guevarra. Read more »

AMLC flags surge in ‘suspicious transactions’ in e-payments amid pandemic

ABS-CBN News
Posted at Nov 20 02:24 PM

The Anti-Money Laundering Council (AMLC) on Friday flagged the surge of suspicious transactions amounting to P3.1 billion as more consumers shift to digital banking due to quarantine restrictions brought by the COVID-19 pandemic.   Read more »

Senators oppose proposal to include real estate developers, brokers under AMLC's watch

Davinci Maru, ABS-CBN News
Posted at Oct 28 06:09 PM

A proposal to include real estate developers and brokers in the list of covered institutions and persons of the Anti-Money Laundering Council (AMLC) was met with opposition Wednesday, with some senators saying it’s putting additional burden to an overly regulated industry. Read more »

PH money remitters flagged in millions of dollars in ‘suspicious’ transactions

Karol Ilagan, Philippine Center for Investigative Journalism
Updated as of Sep 21 02:59 PM

In this collaboration with more than 400 journalists in 88 countries, PCIJ examines the Filipino subjects in the FinCEN Files and why the Philippines continues to attract financial crime. Read more »

AMLC urged to look into bank accounts of PhilHealth officials

ABS-CBN News
Posted at Aug 12 10:22 PM

Some officials of state insurer PhilHealth agreed to open their bank accounts to be examined by the Anti-Money Laundering Council.  Read more »

AMLC: 57 people, 'entities of interest' probed in Wirecard scandal

Warren de Guzman, ABS-CBN News
Updated as of Jul 25 03:54 PM

MANILA - The Philippine Anti-Money Laundering Council (AMLC) said Friday it was looking to wrap up its investigation in August into the alleged $2.1-billion missing funds from German payments solution company Wirecard. Read more »

Anti-Money Laundering Council promises 'swift and thorough' probe of Wirecard

Reuters
Updated as of Jun 29 05:18 PM

MANILA -- The Philippines' anti-money laundering agency on Monday said it would conduct a "swift and thorough" investigation into scandal-hit German payments firm Wirecard AG and that it has drawn up an initial list of people and entities of interest. Read more »

Philippines must pass anti-terror bill to stay off 'gray list': AMLC

Reuters
Updated as of Jun 14 12:20 PM

The Philippines risks being included in an international "gray list" of nations falling short of global money-laundering rules if it fails to enact and effectively implement a new anti-terrorism bill, its anti-money laundering body warned on Saturday. Read more »

6 syndicates tagged in money laundering scandal

ABS-CBN News
Posted at Mar 06 12:19 AM

Officials of the Philippine Anti-Money Laundering Council on the hot seat as the Senate probes the entry into the Philippines of millions of dollars in cash linked to Chinese offshore gaming operators. Read more »

Senate probes POGOs

Jonathan Cellona, ABS-CBN News
Updated as of Mar 05 08:01 PM

Officials from the Philippine Amusement and Gaming Corporation (PAGCOR) and Anti-Money Laundering Council (AMLC) attend on Thursday the senate inquiry on money laundering and other crimes allegedly linked to Philippine Offshore Gaming Operators in the country. Read more »

Gordon says $633M alleged dirty money entered PH since Sept. 2019

Christian Esguerra, ABS-CBN News
Updated as of Mar 05 12:47 PM

Sen. Richard Gordon cited at least 4 alleged syndicates, including the Rodriguez family, whose multimillion-dollar transactions were presented during the hearing. Read more »

'Deafening silence': Gordon slams AMLC for supposed inaction on 'dirty money'

Katrina Domingo, ABS-CBN News
Posted at Mar 04 04:04 PM

Sen. Richard Gordon on Wednesday criticized the Anti-Money Laundering Council for its "deafening silence" on the entry of some US$447 million cash through airports in less than 6 months. Read more »

Gordon: Chinese money launderers have ‘connections’ in PH gov’t

ABS-CBN News
Updated as of Feb 29 10:45 PM

Gordon alleged that Chinese nationals had "money connections" in government, because they could supposedly bring large amounts of money into the country without being reported. Read more »

Diokno says 'no sacred cows' with him leading Bangko Sentral

Cathy Yang, ABS-CBN News
Updated as of Mar 12 01:03 PM

As BSP Governor, the former budget secretary will chair the Anti Money Laundering Council. He also took office as a new law gave the central bank wider enforcement powers. Read more »

Ex-RCBC exec guilty sa pagkakadawit sa Bangladesh cyber heist

ABS-CBN News
Posted at Jan 10 07:02 PM

Guilty ang hatol ng korte sa manager ng RCBC Jupiter branch na dawit sa $81 milyon ninakaw ng mga hacker mula sa New York Federal Reserve ng Bangladesh Central Bank noong 2016.  Read more »