By Cathy C. Yamsuan
Pressure to ratify a bill strengthening the Anti-Money Laundering Act (Amla) at the soonest possible time has forced legislators to drop a provision requiring casinos to report the presence of suspected money launderers on their premises.
By Cathy Yamsuan
Senators have agreed to include a proviso in the second round of amendments to the Anti-Money Laundering Act (Amla) that would require casinos to report the presence on their premises of persons suspected of involvement in money laundering.
By Norman Bordadora
Sen. Joker Arroyo expects rough sailing for the bill increasing the transactions and predicate crimes that would be covered by the country’s antimoney laundering laws despite the administration’s preference that this be passed before February.