The Philippine Amusement and Gaming Corp (Pagcor) will come out with a set of rules to monitor suspicious transactions even after casinos have been excluded from the coverage of the recently amended Anti-Money Laundering Act (AMLA).
President Benigno Aquino III signed on Friday the measure amending the Anti-Money Laundering Act (Amla). Deputy presidential spokesperson Abigail Valte made the announcement in a text message sent out to the media.
The Senate has ratified the bicameral conference committee report on the chamber and the House of Representatives’ reconciled bills that aim to strengthen the Anti-Money Laundering Act (Amla) Wednesday.
The bicameral conference committee approved the amendments to the Anti-Money Laundering Act (Amla) Tuesday.
The Senate after a vote of 15-0 approved on third and final reading amendments to the Anti-Money Laundering Act (AMLA) Monday.
The Senate leadership intends to make the most out of Congress’ remaining nine session days to pass crucial measures before it goes on a three-month recess ahead of the May midterm elections, Senate Majority Leader Vicente Sotto III said on Tuesday.
A day after it was passed on second reading, the House of Representatives on Wednesday approved on third and final reading a bill which sought to strengthen the Anti-Money Laundering Act.
Senator Sergio “Serge” Osmeña III, chairman of the Senate committee on banks and financial institutions, has threatened to reveal the names of the “three or four” senators supposedly causing the delay in the approval of the last set of amendments to the Anti-Money Laundering Act (Amla).
Senator Sergio Osmeña III wants to include tax evasion as one of the predicate crimes in the Anti-Money Laundering Act (Amla) to improve the country’s “gray” list standing with the Financial Action Task Force (FATF).
A deadlock looms as the Senate is set to vote on the last round of amendments to the Anti-Money Laundering Act (Amla) with some senators airing concerns over certain “improvements” made to the law as required by a global group monitoring terrorist financing.
The Senate on Tuesday approved on its third and final reading a bill amending the Anti-Money Laundering Act (AMLA) just days before they go on sine die adjournment.
A lengthy debate among senators on Monday night prevented them from approving an amendment to the Anti-Money Laundering Act (Amla) that should allow investigators to examine a suspected criminal’s bank accounts without having to inform him.
Senators have reached a consensus to approve a bill amending the Anti-Money Laundering Act (Amla) and a bill against terrorist financing before adjourning on June 7, according to Sen. Franklin Drilon.
