+ Follow ANTI MONEY LAUNDERING LAW Tag
ANTI MONEY LAUNDERING LAW
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 1361276
[Title] => Use of e-money on the rise - BSP
[Summary] => More Filipinos are getting access to financial services in the country as reflected in the significant increase in the use of electronic money in 2013, according to a report by the Bangko Sentral ng Pilipinas.
[DatePublished] => 2014-08-25 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1438879
[AuthorName] => Kathleen A. Martin
[SectionName] => Business As Usual
[SectionUrl] => business-as-usual
[URL] => http://media.philstar.com/images/the-philippine-star/business/business-as-usual/20140825/E-money-finance.jpg
)
[1] => Array
(
[ArticleID] => 758446
[Title] => BIR wants tax evasion classified as predicate crime under AML
[Summary] => The Bureau of Internal Revenue (BIR), is pushing for the inclusion of tax evasion in the list of so-called predicate crimes under the Anti Money Laundering Law.
[DatePublished] => 2011-12-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804708
[AuthorName] => Iris Gonzales
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 619844
[Title] => At the very least, the AMLA needs dentures
[Summary] => Atty. Richard Funk II of the Anti Money Laundering Council (AMLC) and Senate President Juan Ponce Enrile had a very enlightening discussion regarding the deficiencies of the Anti Money Laundering Law (AMLA) during a recent Senate Blue Ribbon Committee hearing on the illegal numbers racket, better known as jueteng.
[DatePublished] => 2010-10-12 00:00:00
[ColumnID] => 133540
[Focus] => 0
[AuthorID] => 1790869
[AuthorName] => William M. Esposo
[SectionName] => Opinion
[SectionUrl] => opinion
[URL] =>
)
[3] => Array
(
[ArticleID] => 446483
[Title] => BSP tightens rules on e-money
[Summary] => MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) has issued landmark guidelines formalizing electronic money transactions — the first of its kind of electronic innovation in the world.
[DatePublished] => 2009-03-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 347256
[Title] => Pagcor casinos have safeguards vs money laundering — AMLC
[Summary] => The Anti-Money Laundering Council (AMLC) said the casinos operated by the Philippine Amusement and Gaming Corp. (PAGCOR) have sufficient safeguards against money laundering.
The AMLC said it has examined the processes and procedures in PAGCOR casinos which anti-money laundering officials earlier said could be used as channels for laundering dirty money.
The Asia Pacific Group on Money Laundering (APG) and the Financial Action Task Force on Money Laundering (FATF) have expressed serious concern over the openness of casinos as a channel for dirty funds.
[DatePublished] => 2006-07-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 340154
[Title] => Money laundering won’t be easy in Pagcor casinos
[Summary] => Tight operating regulations in the country’s casinos make it difficult for criminal elements to use them for money laundering, gaming officials said over the weekend.
The Philippine Amusement and Gaming Corp. (Pagcor) has agreed to cooperate with the Anti Money Laundering Council (AMLC) in the government’s anti-money laundering campaign but officials said it was unlikely for syndicates to go through casinos to launder money.
PAGCOR president Butch Francisco said that unlike in most countries where gambling is allowed, casinos in the Philippines.
[DatePublished] => 2006-06-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 327667
[Title] => Banks to conduct own probes on counterfeit dollars, says BSP
[Summary] => The Bangko Sentral ng Pilipinas (BSP) said banks that fell victim to fake dollars known as "super notes" would have to conduct their own internal investigation and run after the clients who deposited the currency to them.
Since currency trading was liberalized, the BSP said dollars and other currencies could move freely in and out of the market without physically passing through the BSP.
Banks are required to monitor and report irregular dollar movements only under specific circumstances defined under the Anti Money Laundering Law.
[DatePublished] => 2006-03-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 305623
[Title] => AMLC gets good marks from FATF
[Summary] => The Anti-Money Laundering Council (AMLC) has received high marks from the powerful Financial Action Task Force (FATF), an international body leading the fight against money laundering.
In a report dated Oct. 18 this year, Yasushi Kanzaki, FATF chairman of the Asia and Pacific Review Group, said his group "was pleased to note that the Philippines had made excellent progress in the implementation of its AML reforms."
Kanzaki said the same position was aired during the FATF plenary meeting in mid October this year in Paris.
[DatePublished] => 2005-11-07 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 276818
[Title] => In search of dirty money
[Summary] => 
Let’s say you held your neighbor’s wonder dog for ransom and you were paid P17 million.
The drop-off was successful, you have the money and the dog is back with your neighbor.
[DatePublished] => 2005-05-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Starweek Magazine
[SectionUrl] => starweek-magazine
[URL] =>
)
[9] => Array
(
[ArticleID] => 272857
[Title] => Funds frozen by AMLC hit P1.134B
[Summary] => Funds frozen by the Anti-Money Laundering Council (AMLC) reached P1.134 billion as of end-February this year.
After being removed from its blacklist, the international watchdog Financial Action Task Force on Anti-Money Laundering (FATF) has put the Philippines under a one-year monitoring period to ensure that the performance that led to its delisting would be sustained.
According to AMLC, the number of money-laundering and money-laundering-related cases are still rising – an indication that its monitoring system and detection is working as intended.
[DatePublished] => 2005-04-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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