Anti-Money Laundering Council
ARTICLE FINDER

AMLC adopts stricter controls against money laundering

Dec 06, 2017 - 8:46 PM

The new controls include the requirement to upload reports of suspicious transactions within 5 days of occurrence as well as separate know-your-customer documents

Calida threatens Ombudsman with lawsuit, impeachment

Oct 04, 2017 - 2:17 PM

'They are destabilizing the presidency of Rodrigo Duterte, and we will not let that happen,' says Solicitor General Calida

LAWSUITS. Solicitor General Jose Calida threatens Overall Deputy Ombudsman Arthur Carandang of lawsuits falling under the Anti-Money Laundering Act. Photo by Lian Buan/Rappler

Did Carandang commit breaches, and can the President remove him?

Oct 04, 2017 - 8:44 AM

The provision granting the President the power to remove a Deputy Ombudsman was declared unconstitutional by the Supreme Court in 2014

 CONFIDENTIAL. Overall Deputy Ombudsman Arthur Carandang maintains he observed confidentiality in the ongoing investigation into the wealth of President Rodrigo Duterte and his family. Photo by Lian Buan/Rappler

Duterte dares: Shoot me if I have more than P40M

Oct 02, 2017 - 5:25 PM

(3rd UPDATE) President Rodrigo Duterte says evidence against him is 'illegally obtained'

[Newspoint] Duterte vs the people's right to know

Sep 30, 2017 - 2:30 PM

At any rate, the unsorted question about who provided the bank records loses much of its relevance in the glare of the damning evidence the records themselves reveal

Panelo hits Ombudsman exec for 'disclosing' Duterte bank records

Sep 28, 2017 - 6:35 PM

Chief Presidential Legal Counsel Salvador Panelo warns Overall Deputy Ombudsman Arthur Carandang that this could mean administrative sanctions

DEFENDING DUTERTE.  Chief Presidential Legal Counsel Salvador Panelo defends Duterte from allegations of hidden wealth. Malacañang file photo

AMLC's bank records on Duterte show P1-B flow of money – Ombudsman

Sep 27, 2017 - 8:48 PM

(UPDATED) The Ombudsman now has a copy of bank records from the AMLC which, according to the Overall Deputy Ombudsman, 'more or less' look like the documents submitted by Trillanes

WEALTH. President Rodrigo Duterte's wealth is put under scrutiny as the Office of the Ombudsman begins its probe into the complaint of Senator Antonio Trillanes IV. Photo by Lito Boras/Rappler.com

Singapore bank says it has no Trillanes account

Sep 19, 2017 - 12:47 PM

(UPDATED) 'Hongkong Shanghai Bank,' the second bank in Singapore where the senator allegedly has an account, does not exist in the location cited by allies of President Rodrigo Duterte

NO ACCOUNT. The DBS Bank in Alexandra Road in Singapore says Senator Antonio Trillanes IV has no account with them contrary to the claim of President Rodrigo Duterte. Screencap from Trillanes' video

AMLC confirms receipt of Trillanes' bank secrecy waivers

Sep 14, 2017 - 12:48 PM

In this regard we will evaluate the submitted Sworn Waiver and revert to you the soonest says AMLC Executive Director Mel Georgie Racela in a letter dated Wednesday September 13

Sen. Trillanes press con denying the bank accounts PRRD accused him of having. The senator is seen showing the members of the media the waivers he signed and copies of the supposed to be bank accounts. Photo by Angie de Silva/Rappler

Duterte refuses to sign bank secrecy waiver

Sep 13, 2017 - 7:27 AM

President Duterte expounds on his allegations against Senator Antonio Trillanes IV and says his critic has perfected the art of crime

President Rodrigo Roa Duterte, in his speech during the closing ceremony of the 26th Mindanao Business Conference (MINBIZCON) at the Xavier Sports and Country Club in Cagayan de Oro City on September 9, 2017, reiterates that he will eradicate corruption and restore peace and order in Mindanao so that the island can become more conducive for business. Malacañan Photo

Trillanes, Reynaldo de Guzman, Faeldon | Evening wRap

Sep 11, 2017 - 9:06 PM

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Panelo on Trillanes' challenge to Duterte: Previous 'waiver' still valid

Sep 11, 2017 - 5:25 PM

But the Special Power of Attorney signed by President Rodrigo Duterte in May 2016 does not explicitly allow banks to reveal the transaction history of his accounts

Trillanes denies offshore accounts, vows to sign bank secrecy waiver

Sep 10, 2017 - 6:40 PM

Ibabalandra ko isasampal ko yan sa mukha ni Duterte says opposition Senator Antonio Trillanes IV referring to certification from banks which would prove he does not own the accounts in question

BANK ACCOUNTS. Opposition Senator Antonio Trillanes IV denies owning offshore accounts and says he will 'slap' President Rodrigo Duterte's face with proof. File photo by Joseph Vidal

DOJ clears Philrem officials in Bangladesh Bank heist

Sep 07, 2017 - 10:35 PM

But the Department of Justice junks the appeal of former RCBC branch manager Maia Deguito who faces money laundering charges

CLEARED. Philrem president Salud Bautista appears before a Senate hearing in 2016 and claims she was instructed by RCBC-Jupiter branch manager Maia Deguto to convert and transfer stolen funds. Photo by LeAnne Jazul/Rappler

Napoles, Revilla camps try to block bank witnesses in plunder trial

Sep 07, 2017 - 6:08 PM

Bank records show withdrawals by Napoles NGOs

PLUNDER HEARING. Detained former senator Bong Revilla is into the 3rd month of his plunder trial arising from allegations that he received P224.5 million in kickbacks from his pork barrel. Photo by Lian Buan/Rappler

Senators ask Comelec chief to waive bank secrecy rights

Aug 23, 2017 - 1:00 PM

UPDATED The Senate committee on banks financial institutions and currencies invites Comelec chief Andres Bautista to attend its next hearing on his controversial bank deposits

ACCUSED. Commission on Elections chief Andres Bautista is accused of obtaining ill-gotten wealth. Photo by Ben Nabong/Rappler

BSP outlines new rules, penalties for money launderers

Aug 15, 2017 - 8:50 PM

These new rules and penalties will cover all BSP supervised personnel and are designed to ensure that the Philippines shall not be used as a money laundering site

Bautista may face charges even if settlement reached with wife – Aguirre

Aug 09, 2017 - 6:10 PM

Justice Secretary Vitaliano Aguirre II says Comelec Chairman Andres Bautista s stint as PCGG head is also being investigated for possible anomalies

EMBATTLED. Comelec Chairman Andres Bautista faces possible graft and money laundering cases if the NBI probe yields strong evidence, according to Justice Secretary Vitaliano Aguirre II. Photo by Nelson Vera/Rappler

Senate to discuss fraud case with Metrobank, AMLC, BSP

Jul 25, 2017 - 5:45 PM

Senator Francis Escudero says his committee will review if there is a need to launch a Senate probe into the P900 million internal fraud at Metrobank

CALLED TO EXPLAIN. Metrobank, BSP, and AMLC will need to update the Senate on their probe into the P900-million internal fraud at Metrobank. In the photo is George Ty, the owner of Metrobank. Photo by Alecs Ongcal/Rappler

Martial law, AMLA amendment, Mahathir | Evening wRap

Jul 19, 2017 - 8:16 PM

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Casinos now covered by anti-money laundering law

Jul 19, 2017 - 2:34 PM

UPDATED Casinos are now required to report casino cash transactions exceeding P5 million according to AMLA amendments signed by President Rodrigo Duterte

Anti-graft court orders AMLC to open records for Jinggoy Estrada defense

Jun 15, 2017 - 10:08 PM

The Sandiganbayan says the ex senator s right to access information to prove his innocence outweighs the bank secrecy law being invoked by the anti money laundering body

COA finds unauthorized cash advances for AMLC’s ‘confidential projects’

Jun 01, 2017 - 9:34 PM

The COA says cash advances for the plans named Flinstone Arlim and Alkalde exceeded the allowable limit set under Joint Circular No 2015 01

AMLC rejects Trillanes' request for Duterte bank transactions

Apr 06, 2017 - 5:15 PM

Ang gawin ni Duterte ay pumirma ng waiver Marami ka pang drama marami ka pang arte Para malaman ng taong bayan ano ang totoo says Senator Antonio Trillanes IV

DENIED. The Anti-Money Laundering Council rejects the request of Senator Antonio Trillanes IV to release the bank transactions of President Rodrigo Duterte. Photo by Camille Elemia/Rappler

AMLC appeals Sandigan order to show PDAF probe records

Mar 17, 2017 - 11:16 AM

The production in court of the AMLC memorandum containing such bank accounts and transactions would not only violate confidentiality but would also jeopardize the ongoing investigation of the AMLC

U.S. labels Philippines as major money laundering site again

Mar 06, 2017 - 12:45 PM

For the US State Department money laundering remains a serious concern in the Philippines due to its international narcotics trade corruption and weak laws

DIRTY MONEY SITE. The US State Department says sophisticated transnational organized crime and drug trafficking organizations use the Philippines as a drug transit country. Rappler file photo

Who's the officer-in-charge of PH's Anti-Money Laundering Council?

Mar 05, 2017 - 10:00 AM

CPA lawyer Mel Georgie Racela is officer in charge of the Anti Money Laundering Council Secretariat until July 31 2017

South China Sea, Estrada, exoplanets | Midday wRap

Feb 23, 2017 - 1:56 PM

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Anti-graft court orders AMLC to show records of PDAF probe

Feb 23, 2017 - 8:31 AM

Siding with Senator Jinggoy Estrada the Sandiganbayan says the Anti Money Laundering Council cannot invoke confidentiality because these will show if it properly investigated the senator s supposed link to Janet Lim Napoles

LOOK: Trillanes asks AMLC to release Duterte bank transactions

Feb 21, 2017 - 8:59 PM

The opposition senator says he s called the President s political bluff and writes to the Anti Money Laundering Council for Duterte s bank records starting 2006

ASKING THE AMLC. Senator Antonio Trillanes IV. Senate file photo

Trillanes: Duterte's order to AMLC 'just political bluff'

Feb 18, 2017 - 9:39 AM

Tama na yang mga bola mo Mr President buksan mo na kung wala kang tinatago says Senator Antonio Trillanes IV

'POLITICAL BLUFF.' In this photo, Senator Sonny Trillanes talks about President Rodrigo Duterte's bank accounts. File photo by Joseph Vidal/PRIB

Duterte orders AMLC to show his net worth

Feb 17, 2017 - 10:02 PM

The President says he has asked AMLC to provide information about his net worth to refute the allegations of Senator Antonio Trillanes IV about his supposedly hidden wealth

REFUTING ALLEGATIONS. President Duterte insists he and his family have never been involved in corruption. Photo by Toto Lozano/PPD

Anti-Money Laundering Council head resigns

Jan 30, 2017 - 5:28 PM

This is not a decision that was taken lightly but I believe that this is the right time for me to voluntarily relinquish my post says Julia Bacay Abad

MORE WORK. Julia Bacay-Abad's successor will have to continue seizing the entire $81-million funds stolen from the account of Bangladesh Bank, which was coursed through the Philippines. Photo by Alecs Ongcal/Rappler

#AnimatED: AMLC's bloodless contribution to war on drugs

Jan 09, 2017 - 11:00 AM

The President and the justice secretary lack appreciation of the Anti Money Laundering Council’s potency in the drug war

SC affirms constitutionality of AMLC provision to look into bank accounts

Jan 06, 2017 - 7:40 PM

It allows the AMLC upon approval from the Court of Appeals to check the movement of money and history of the account Banks could then waive their confidentiality agreement without having to notify the account owners

A law firm associated with the Binays petitioned the Supreme Court to stop AMLC from looking into bank accounts without noticing its owners.

Declare Duterte 'unfit' for office, De Lima asks Cabinet

Dec 24, 2016 - 10:37 AM

The Cabinet should seriously consider declaring him unfit to perform the duties of the President in order to save this nation from the ramblings of a madman

UNFIT. Senator Leila de Lima urges the Cabinet to declare President Rodrigo Duterte 'unfit' for office.

Duterte on martial law, Central Bank, Tropical Storm Nina | Midday wRap

Dec 23, 2016 - 1:57 PM

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Duterte threatens to 'whack' BSP, AMLC officials

Dec 22, 2016 - 7:35 PM

I m going to charge all of you there criminally I ll count one to three and if you don t resign I will treat you as a drug addict says President Rodrigo Duterte

'DO MORE.' President Rodrigo Duterte wants government employees to do more in fighting corruption. File photo by Toto Lozano/ Presidential Photo

Philippines asks for Bangladesh help on bank heist investigation

Dec 04, 2016 - 9:20 PM

This is to strengthen the Philippine government s position in court proceedings that aim to retrieve the rest of the stolen funds

COLLABORATE. Philippine government officials ask the Bangladesh Bank for a copy of its full report on its investigation to strengthen its position in court proceedings. Rappler file photo

Fresh AMLA amendments include casinos, real estate, junket ops

Dec 01, 2016 - 2:49 PM

Should the Congress pass the AMLA amendments AMLC will also have the power to issue an ex parte freeze order which will be effective immediately and will not exceed 30 days

MORE TEETH. With limited power, it took the Anti-Money Laundering Council (AMLC) 18 days to order Rizal Commercial Banking Corporation (RCBC) to freeze all accounts involved in the $81-million Bangladesh Bank fund heist. Rappler file photo

RCBC chief counsel Estavillo quits

Nov 29, 2016 - 1:10 PM

RCBC announces the resignation of lawyer Maria Celia Fernandez Estavillo over a week after the Anti Money Laundering Council filed criminal charges against several RCBC officers

RESIGNATION. Estavillo is the lawyer who represents Rizal Commercial Banking Corporation (RCBC) in the $81-million Bangladesh Bank heist case. Photo by Alecs Ongcal/Rappler

AMLC files charges vs RCBC officers on Bangladesh Bank heist

Nov 22, 2016 - 6:31 PM

The former treasurer and 5 other officers and employees of listed Rizal Commercial Banking Corporation RCBC are charged for violating Republic Act 9160 or the Anti Money Laundering Act of 2001

CHARGES FILED. Philippine senators probe into the location of the stolen money and main players in the money-laundering case. Photo by Alecs Ongcal/Rappler

AMLC releases documents on De Lima after Duterte outburst

Nov 15, 2016 - 6:20 PM

The Anti Money Laundering Council complies with the Department of Justice request after President Rodrigo Duterte publicly chastises it for allegedly turning a blind eye to money launderers

Rodrigo Duterte, Martin Andanar, Joel Villanueva | 6PM wRap

Nov 14, 2016 - 10:34 PM

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Duterte accuses AMLC, BSP of protecting money launderers

Nov 14, 2016 - 4:15 PM

Better go to the Secretary of Justice or I will go to you I will call for you and you have to answer so many questions the President warns the Anti Money Laundering Council and Bangko Sentral ng Pilipinas

'DO MORE.' President Duterte wants government employees to do more in fighting corruption. File photo by TOTO LOZANO/ Presidential Photo

Dummies? NBI probes De Lima's friends for laundering

Sep 23, 2016 - 11:09 PM

Justice Secretary Vitaliano Aguirre II says also under investigation are several corporations where some of the stockholders reportedly have connections to drug lords

Rappler file photo

Ex-AFP comptroller Ligot asks Sandiganbayan to junk P55-M forfeiture case

Aug 25, 2016 - 10:13 PM

Jacinto Ligot and his family say the case should be dismissed on the ground of forum shopping

JACINTO C. LIGOT. Ligot seeks to have a P55 million foreiture case junked on the grounds of 'forum shopping.' File photo from Newsbreak

RCBC reorganizes board after Bangladesh Bank heist scandal

Jul 26, 2016 - 9:05 PM

In the wake of the scandal RCBC strengthens its board of directors increasing the number of independent directors to 7 from the previous 4

AFTERMATH. In the wake of the Bangladesh Bank heist scandal, RCBC strengthens its board of directors. Rappler file photo

Bangladesh envoy to Duterte: Help us recover $81M stolen funds

Jul 21, 2016 - 8:30 PM

If the President is so serious about crime and corruption I think this is an issue that should be addressed Bangladesh Ambassador to the Philippines John Gomes says

'IN THE DARK'. Bangladesh Ambassador to the Philippines John Gomes says after the Senate probe, the investigation on the Bangladesh Bank heist became quiet. Photo by Alecs Ongcal/Rappler

PH wins vs China, RCBC, Taylor Swift | 6PM wRap

Jul 12, 2016 - 7:37 PM

Watch Rappler’s 6PM newscast with Zak Yuson