My Google Page Rank

PHL furthers bid vs money laundering

PDFPrintE-mail

The Philippines’ bid to help eradicate money laundering activities worldwide will further gain strength through heightened cooperation with other countries as well as proposals to improve the Anti-Money Laundering Act (AMLA).

Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco told members of the Egmont Group of Financial Intelligence Units that the country’s Anti-Money Laundering Council (AMLC), which he serves in an ex-officio capacity, is now in the process of signing at least four memorandum of understanding (MOU) with other countries this year to boost cooperation with its counterparts overseas.

The upcoming MOUs is in addition to the 30 already signed upon AMLC’s inclusion in the Egmont Group on June 29, 2005.

“Parallel to these efforts, we are actively pursuing legislative amendments to strengthen the Anti-Money Laundering Act and to criminalize terrorist financing as a stand-alone offense,” he said in his opening speech for Egmont Group’s 2012 Working Group and Committee Meetings onThursday at a Makati City hotel.

Tetangco stressed the country’s commitment “in eradicating the twin evils of money laundering and terrorist financing”, thus, for last year alone AMLC received 97 requests of other FIUs and international bodies and asked assistance for 459 request.

He cited that “there will always be criminals and terrorists in different parts of the globe (and) the Philippines is no exception.”

He said location and modus operandi of criminals and terrorists “are constantly changing” so accordingly “our global efforts to combat money laundering and terrorist financing will always be a work in progress” as criminals will “always try to look for our weakest link.”

“We have to be alert, committed and most of all, united,” he said.

Relatively, the central bank chief said President Benigno. Aquino III has certified as urgent the passage of the proposed legislative amendments on AMLA.

“We look forward to the enactment of these amendments to make the Philippines fully compliant with the international standards set by the FATF (Financial Action Task Force), the UN Conventions, and other agencies in combating money laundering and terrorist financing,” he added.

FATF earlier put the Philippines in the blacklist of money-laundering havens, otherwise known as “non-cooperative countries or territories” (NCCTs), due to inadequate law to fight money laundering.

By PNA

 




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

LADY PANTHER WRESTLER… ERICA

20 Nov 2017 Hits:48 Be the first to comment!

Este si Erica Bataclan Martinez, su palayao “Ecang”, 17 años , 5’3” el altor,    Su mayores si Oscar B. Martinez y Lariza A. Bataclan Martinez, su hermano y hermana si Khate, Nilroy, Jovie, Rico y Sandara B. Martinez, sila ta esta na Barangay de Guiwan, Ciudad de Zamboanga .  Ya estudia elementaria na Guiwan Elementary School, secondaria na Zamboanga City High School main y ahora na grade 10 . Este su istoria … “ Ya principia yo na desportes de Wrestling na edad 10 año, aquel tiempo grade  6 yo. Mio uban maga amiga si Andrea y Shiena . Ya inspira conmigo mi familia y maga barkada y ya quiere yo aprende wrestling poreso masquin deficil el training , ya pricura [...] Read more

Prev Next Page:

FOOTBALL CHIEF… TENG

19 Nov 2017 Hits:49 Be the first to comment!

Este si VICENTE EDUARDO S. TORRES, ta llama conele “Teng/Pardz/Boboy”, 62 años de edad , casao y su esposa si Esther Facultad Torres Y diila anak si Pompeyo F. Torres [...] Read more


AboitizPower sustains strong foothold in hydropower business

18 Nov 2017 Hits:118 Be the first to comment!

On the back of a strong demand for renewable energy (RE), AboitizPower continues to ramp up its portfolio of generation facilities across the Philippines. AboitizPower's subsidiary, SN AboitizPower, has completed the [...] Read more


ZAMBOANGA FOOTBALL - ROLL D BALL

18 Nov 2017 Hits:65 Be the first to comment!

Del Nov. 12, 2017 Domingo el Segundo semana de Season long Zamboanga Football league. El primer juego tan feature cun Resto del Mundo contra  Zamboanga United . Ta pricura man [...] Read more


Police shift war on drugs to anti-gun-for-hire drive

17 Nov 2017 Hits:81 Be the first to comment!

Police regional director and vice chair of the Regional Peace and Order Council (RPOC) for Western Mindanao Chief Supt. Billy Beltran announced recently that all police operatives previously assigned in [...] Read more


Military launch rescue ops for latest victims of ASG

17 Nov 2017 Hits:111 Be the first to comment!

Government troops are now conducting operations to rescue the six people, including two children, who have been abducted by about 15 suspected Abu Sayyaf bandits in Patikul, Sulu, according to [...] Read more


OCENR sets city-wide clean up on Nov 25

17 Nov 2017 Hits:59 Be the first to comment!

The City Government through the Office of the City Environment and Natural Resources (OCENR) will head a city-wide clean up drive on November 25. “We are going to have a city-wide [...] Read more


2017 MUAY THAI NATIONAL CHAMPIONSHIPS

17 Nov 2017 Hits:75 Be the first to comment!

Este si Leo Gandy Serrano, 15 años , Grade 10 na Claret High School Ciudad de Zamboanga . Ya principia juga Muay Thai cuando Grade 5 ele , producto le [...] Read more


Zambopen PWDs endorse Kahil as AVRC III head

16 Nov 2017 Hits:77 Be the first to comment!

The Persons with Disabilities (PWDs) in Zamboanga Peninsula as represented by their chosen leaders have strongly endorsed Zamboangueno Teddy Kahil as head of the Area Vocational Rehabilitation Center (AVRC) in [...] Read more


City SWM Board meet set today

16 Nov 2017 Hits:76 Be the first to comment!

The City Solid Waste Management Board will meet today, November 16, to prepare for the full implementation of the solid waste management ordinance in the City slated on November 27. According [...] Read more


BAP BASKETBALL TOURNAMENTS AND ACTIVITIES

16 Nov 2017 Hits:65 Be the first to comment!

Venue : Southern west campus Gym, San Jose Gusu. Category 40 and 50 years old Master division. Team Standing:    WIN         LOSS J VINCE            [...] Read more


Phil. Coast Guard SWM joins clean-up drive

15 Nov 2017 Hits:73 Be the first to comment!

The Philippine Costal Guard Auxiliary SWM, a volunteer organization, joined the International Costal Clean-up drive (ICC 2017) last recently from 5:00 in the morning to 12:00 noon along the coastal [...] Read more


Mendicants rounded up by the CSWDO

15 Nov 2017 Hits:111 Be the first to comment!

At least 266 mendicants and vagrants were rescued from the various streets of the city proper by the newly created Task Force Mendicants, according to Assistant Social Welfare Officer Dr. [...] Read more


GOLDEN BOY SWIMMER…. GRANT VINCCI

15 Nov 2017 Hits:72 Be the first to comment!

Juego de Zamboanga 2017 Swimming Elementary boys, MVP – GRANT VINCCI VILLANUEVA , Grade 6 na Ateneo de Zamboanga University . Ya saka el 5 Gold medalla na 5 individual [...] Read more


15TH LANUZA SURFING FESTIVAL WINNERS ANNOUNCED

14 Nov 2017 Hits:280 Be the first to comment!

Doot Poktoy, Lanuza Surigao Del Sur Philippines– After almost a week long of festivities, the 15th Lanuza Surfing Festival announces Neil Sanchez (Baler), Mark Aguila (Baler), Daisy Valdez (La Union), [...] Read more


Seven hurt in three road mishaps

14 Nov 2017 Hits:110 Be the first to comment!

Seven people were injured in three separate road accidents in Barangays Buenavista and Talisayan, Zamboanga City over the weekend. In Sitio Buntot, Buenavista, an 11-year-old pedestrian identified as Reynalyn Rodriguez y [...] Read more


Military recovers 30 firearms of Maute terrorists in Marawi

14 Nov 2017 Hits:91 Be the first to comment!

At least 30 assorted firearms believed to be from the members of the Daesh inspired Maute terror group have been recovered by combined troops under the Joint Task Group Ranao, [...] Read more


JUEGO DE ZAMBOANGA 2017... ADZU AQUAFORCE SWIMMERS

14 Nov 2017 Hits:68 Be the first to comment!

Este el Resulta del Nov. 3-6, 2017 Grade School Swimmers: BOYS : 1.     BUNDAJON, GEOFFE PAUL R. --  GOLD 50m Butterfly, 200m IM, 100m Butterfly, 4x50 Free Relay, 4x100 Free Relay. [...] Read more


SCC RED MAMBA … KAIS

13 Nov 2017 Hits:79 Be the first to comment!

Este si Kaiser Nuludin Sabaani , su palayao “Kais” , 23 años de edad, 5’7” el altor, residente de Camino Nuevo, Ciudad de Zamboanga . Su mayores si Ibrahim E. [...] Read more