(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 […]
