Latest Stories

  • Duterte orders AMLC to show his worth

    (UPDATED) President Rodrigo Duterte on Friday said he has ordered the Anti-Money Laundering Council to disclose information on his net worth, in response to allegations by Senator Antonio Trillanes that Duterte and his family have billions of pesos in their bank accounts.

  • RCBC hires former official of Anti-Money Laundering Council

    Rizal Commercial Banking Corp. (RCBC) said Tuesday it hired a former official of the Anti-Money Laundering Council as chief compliance officer, as the bank continues to beef up its management team.

  • Deutsche Bank slapped with record $204-M fine for Russia trades

    Britain's financial regulator fined Deutsche Bank 163 million pounds ($203.70 million) for serious failings in relation to anti-money laundering controls, it said on Tuesday.


  • Outgoing AMLC chief to join BSP

    MANILA (UPDATED) - Outgoing Anti-Money Laundering Council (AMLC) Executive Director Julia Bacay-Abad is joining the Bangko Sentral ng Pilipinas effective February 1.

  • AMLC executive director quits post

    MANILA - The executive director of the Anti-Money Laundering Council (AMLC), Julie Bacay-Abad, has resigned from her post following criticisms from President Rodrigo Duterte.

  • CA freezes drug convict's bank accounts

    MANILA - The Court of Appeals (CA) has issued a freeze order on the bank accounts of Chinese drug convict Peter Co, an inmate serving jail time at the New Bilibid Prison (PNP).

  • Bangko Sentral tightens anti-money laundering rules

    MANILA - The Philippine central bank is tightening its surveillance of money-remittance firms to ensure they would not be used to launder dirty money and facilitate terrorist financing.

  • Senators nix proposal to limit BSP's powers over AMLC

    Some senators reject the proposal to limit the powers of the Bangko Sentral ng Pilipinas over the Anti-Money Laundering Council. 

  • De Lima: Duterte to use AMLC for political persecution

    MANILA – Senator Leila de Lima on Tuesday criticized a proposal by House Deputy Speaker Gloria Macapagal Arroyo to strip the central bank governor of supervisory powers over the Anti-Money Laundering Council (AMLC), saying this would give President Rodrigo Duterte broader powers over the institution.

  • 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.'