Latest Stories

  • Locsin slams Arroyo proposal as 'irresponsible'

    A former lawmaker calls House Deputy Speaker Gloria Macapagal-Arroyo's proposal to bar the Bangko Sentral ng Pilipinas (BSP) from heading the Anti-Money Laundering Council 'irresponsible' and 'politically motivated.'

  • Aguirre open to Arroyo proposal stripping BSP gov's supervision over AMLC

    MANILA – Justice Secretary Vitaliano Aguirre II on Tuesday said he is open to the proposal of former president and now Pampanga Rep. Gloria Macapagal Arroyo to amend the Central Bank Act, particularly the powers of the Bangko Sentral ng Pilipinas (BSP) governor over the Anti-Money Laundering Council (AMLC).

  • Arroyo wants to bar Bangko Sentral from supervising AMLC

    MANILA - Former President and now House Deputy Speaker Gloria Macapagal Arroyo wants to amend the Central Bank Act, particularly the powers of the Bangko Sentral ng Pilipinas (BSP) governor over the Anti-Money Laundering Council (AMLC).

  • Bangladesh police detail suspicions of inside help in central bank heist

    DHAKA - A top investigator into the electronic theft of $81 million from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public Internet, giving hackers access.

  • DOJ wants criminal raps vs AMLC secretariat

    Officials of the Anti-Money Laundering Council (AMLC) should be charged with "criminal negligence" for the delayed release of documents that will serve as evidence in drug-related cases, Justice Secretary Vitaliano Aguirre II said Friday.

  • Duterte warns BSP execs: Resign or be treated as drug addict

    MANILA (1st UPDATE) – President Rodrigo Duterte on Thursday told Bangko Sentral ng Pilipinas officials to resign, saying they are hampering the government’s efforts in fighting corruption.

  • PH bank says no role in heist, Bangladesh Bank responsible

    The Philippine bank through which $81 million stolen from Bangladesh's central bank was channeled in February said on Tuesday that the central bank was responsible for the heist, and so any liability should not be passed on.

  • Some Bangladesh Bank officials involved in heist- investigator

    Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top investigator in Dhaka told Reuters on Monday.

  • How Senate bill plans to plug money laundering loopholes

    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.

  • Senate eyes more powers for AMLC

    A new bill amending the anti-money laundering law is seeking to give more teeth to the Anti-Money Laundering Council including the power to freeze bank accounts and subpoena any person to produce information for verification and investigation.