SECURITIES REGULATIONS ACT

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                    [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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            [1] => Array
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                    [ArticleID] => 235741
                    [Title] => AMLC frozen funds down to P400-M
                    [Summary] => Funds frozen by the Anti-Money Laundering Council (AMLC) have declined – from P1.083 billion to about P400 million in 2003 – as the government allowed the disbursement of the funds to their various claimants.


This developed as the AMLC revealed that it has formally applied for membership to the so-called Egmont Group as it prepares to enter into bilateral cooperation with its counterparts in South Korea and Australia.


                    [DatePublished] => 2004-01-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Funds frozen by AMLC hit P1.134B

By Des Ferriols | April 6, 2005 - 12:00am

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...

Business

AMLC frozen funds down to P400-M

By Des Ferriols | January 20, 2004 - 12:00am

Funds frozen by the Anti-Money Laundering Council (AMLC) have declined – from P1.083 billion to about P400 million in 2003 – as the government allowed the disbursement of the funds to their various claimants. This...

Business