(Eagle News)–President Rodrigo Duterte has signed a law giving the authorities more power to run after suspected money launderers, thereby strengthening the Anti-Money Laundering Act, With the signing of Republic Act No. 11521, the Anti-Money Laundering Council is empowered to issue subpoenas and probe “suspicious transactions” and to “preserve, manage, or dispose assets pursuant to a freeze order, preservation order, or judgment of forfeiture.” The list of covered persons was also expanded to include real […]
Tag: AMLA
Two senators seek Senate inquiry into Comelec chair’s accounts in thrift bank; possible AMLA violations to be looked into
(Eagle News) — Senators Vicente Sotto III and Panfilo Lacson are seeking a Senate investigation into what they said was a possible violation by some “covered institutions” of the Anti Money and Laundering Act in connection with the supposed “splitting” of Commission on Elections Chair Andres Bautista’s 35 bank accounts in one “small thrift bank.” Lacson and Sotto filed on Thursday Resolution No. 468 “directing” the Senate committee on banks, financial institutions and currencies to look […]





