By the staff
The Anti-Money Laundering Council (AMLC), following up on the probe initiated by the Securities and Exchange Commission when the new administration came to power, is now cracking down on trades of Philex Mining Corp. from 2007 to 2009, or during the period when businessman Roberto V. Ongpin was accused of insider trading, likewise related to Development Bank of the Philippines transactions under question.
By Raul J. Palabrica
Getting information from the Anti-Money Laundering Council about bank deposits has become more difficult.
By Michelle V. Remo
The Anti-Money Laundering Council hopes to persuade Congress to amend again the law against dirty money transactions, saying that the continued exclusion of casinos from a list of establishments required to report their financial activities has been hurting the Philippines’ image abroad.
By Doris C. Dumlao
“Who is persecuting whom?” Businessman Roberto V. Ongpin snapped back at Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla Jr.
By Daxim L. Lucas
Businessman Roberto Ongpin has urged lawmakers to consider amending the current law against money laundering, saying that the law, in its current form, can easily be abused for political ends.
By Norman Bordadora
Sen. Sergio Osmeña has defended the inclusion of real estate transactions on the list of activities that need to be reported to the Anti-Money Laundering Council if they involve an outright cash payment of $10,000 or P420,000.
By Cathy Yamsuan
Creative ways of “dry cleaning” instead of merely laundering stolen money have urged senators to eye the expansion of the list of institutions required to report purchases and other transactions involving P500,000 and above.