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Trillanes accused of money laundering - The Manila Times

Trillanes accused of money laundering - The Manila Times.....»»

Category: newsSource: googlenews googlenewsSep 13th, 2017

Trillanes wants AMLC probed for refusing to cooperate on Duterte hidden wealth inquiry

SEN. Antonio Trillanes 4th wants an inquiry into the apparent refusal of the Anti-Money Laundering Council (AMLC) to cooperate with the Ombudsman’s investigation on the alleged hidden wealth of President Rodrigo Duterte. Trillanes asked the Committee on Banks, chaired by Sen. Francis Escudero, to compel AMLC Executive Director Mel Georgie Racela to explain why he allegedly [...] The post Trillanes wants AMLC probed for refusing to cooperate on Duterte hidden wealth inquiry appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsFeb 16th, 2018

Two moneychangers lose permits

Regulators have cancelled the registration certificates of two moneychangers after failing to comply with anti-money laundering rules. The Bangko Sentral ng Pilipinas (BSP) announced on Tuesday that Edzen Enterprises and World Wide Money Changer, owned by Zenaida Artuz and Elliot Artuz, respectively, had been barred from doing business as money changers. “The cancellation was due [...] The post Two moneychangers lose permits appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 8th, 2018

Anti-money laundering system up for evaluation

The Philippines will undergo a fresh evaluation this year to test its compliance with international anti-money laundering and combating the financing of terrorism (AML/CFT) standards, the country’s financial intelligence unit said on Thursday. The Anti-Money Laundering Council said that as a founding member of the Asia Pacific Group (APG) on Money Laundering, the Philippines had [...] The post Anti-money laundering system up for evaluation appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 12th, 2018

US expands laundering, fraud charges against ex-Trump campaign chief Manafort

WASHINGTON, D.C.: Ex-Trump campaign chair Paul Manafort and his former partner Richard Gates were hit on Thursday with fresh charges of tax and bank fraud, as Russia election meddling special prosecutor Robert Mueller stepped up pressure on the president’s former aides. Already indicted for money laundering and tax evasion, Manafort and Gates were charged in [...] The post US expands laundering, fraud charges against ex-Trump campaign chief Manafort appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 23rd, 2018

Trillanes pushes Senate probe into AMLC s refusal to cooperate with Ombudsman

MANILA, Philippines – Senator Antonio Trillanes IV has called for a Senate probe into the refusal of the Anti-Money Laundering Council (AMLC) to cooperate in the investigation of the Office of the Ombudsman into the plunder complaint against President Rodrigo Duterte. Trillanes made the call on Friday, February ........»»

Category: newsSource:  rapplerRelated NewsFeb 16th, 2018

& apos;Money laundering threat remains high& apos; - The Manila Times

'Money laundering threat remains high' - The Manila Times.....»»

Category: newsSource:  googlenewsRelated NewsDec 24th, 2017

‘Money laundering threat remains high’

Money laundering remains a serious threat for the Philippines given factors such as regulatory loopholes, legal setbacks and the need for increased coordination among agencies, the country’s financial intelligence unit said. The Anti-Money Laundering Council (AMLC), in its Second National Risk Assessment (NRA) Report covering the 2015-2016 period, evaluated the effectiveness of the country’s existing [...] The post ‘Money laundering threat remains high’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 24th, 2017

Bautista no show in Senate probe

FORMER Commission on Elections chairman Andres Bautista was a “no show” on Wednesday during the resumption of the Senate investigation on his possible violation of the Anti-Money Laundering Act (AMLA).

 Sen. Francis Escudero, chairman of the Committee on Banks, Financial Institutions and Currencies, resumed the public hearing on the reported ill-gotten wealth of Bautista after [...] The post Bautista no show in Senate probe appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 6th, 2017

IMF urges changes to bank secrecy law

The International Monetary Fund (IMF) has lauded the inclusion of casinos under the Philippine anti-money laundering (AML) rules but said the system could be strengthened further if the bank secrecy law is also amended. “Staff welcomes the recent amendment to the AML law to include casinos,” the IMF said in a statement. It noted that [...] The post IMF urges changes to bank secrecy law appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 15th, 2017

Trillanes files plunder raps vs Gordon over P193M ‘pork’ disbursements to Red Cross

SEN. Antonio Trillanes 4th filed a complaint before the Office of the Ombudsman against Sen. Richard Gordon and a former official of the Philippine Red Cross (PRC) over alleged anomalous disbursements of P193 million from his Priority Development Assistance Fund (PDAF) or pork barrel to the PRC. In a complaint filed on Wednesday, Trillanes accused [...] The post Trillanes files plunder raps vs Gordon over P193M ‘pork’ disbursements to Red Cross appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 8th, 2017

New AMLC rules seen boosting investor optimism

New anti-money laundering rules covering casinos should boost investor optimism in the Philippine financial system, an economist said on Monday. The Anti-Money Laundering Council (AMLC) has ordered casinos, which were placed under its purview via Republic Act 10927, to develop risk management policies, identify customers and record their transactions, and report suspicious activities to authorities. [...] The post New AMLC rules seen boosting investor optimism appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 23rd, 2017

Advances in anti-money laundering

It was veritably an enlightening experience to moderate a panel of experts during the well-received Philippine Anti-Money Laundering (AML) Executive Briefing organized by NICE Actimize and KrisFinSoft. It was composed of notable personalities namely Dante T. Fuentes, Group chief compliance officer of Security Bank Corporation; Dodie Lagman, senior consultant, on Counter Financing of Terrorism; Venkat [...] The post Advances in anti-money laundering appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 18th, 2017

IS-linked Pinoy doctor vows to fight extradition

MANILA, Philippines — The Filipino doctor accused of wiring money for a foiled jihadist plot targeting New York’s subway and Times Square rejects the allegat.....»»

Category: newsSource:  philstarRelated NewsOct 10th, 2017

Panelo: Carandang, Trillanes statements are fake

MANILA, Philippines – The Anti-Money Laundering Council’s denial of providing a report on President Rodrigo Duterte's bank transactions only shows that Sen......»»

Category: newsSource:  philstarRelated NewsSep 29th, 2017

Trillanes says still no access to Duterte’s bank records

MANILA, Philippines -  Despite President Duterte’s order for the Anti-Money Laundering Council (AMLC) to release the records of his bank accounts, Sen......»»

Category: newsSource:  philstarRelated NewsApr 7th, 2017

March remittances down 9.9% to $2.6B

 Bangko Sentral cites base effects, holidays and Kuwait repatriations Money sent home by overseas Filipino workers (OFWs) in March fell from a year earlier, a result the Bangko Sentral ng Pilipinas (BSP) attributed to base effects, the Holy Week holidays and repatriations from Kuwait. Personal remittances, which sum up the net compensation of OFWs, personal [...] The post March remittances down 9.9% to $2.6B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 16th, 2018

HSBC: Remittance growth likely steady at 4.5% in March

Money sent home via banks by migrant Filipinos likely posted steady growth in March, banking giant HSBC said. “We expect March remittances to rise 20.5 percent month-on-month, after two straight months of sequential contraction. This would lead to a rise of 4.5 percent year-on-year . . . ,” HSBC said. February also saw a 4.5-percent [...] The post HSBC: Remittance growth likely steady at 4.5% in March appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 14th, 2018

‘Unaware’ barangay watchman arrested for raping stepdaughter

A FORMER barangay watchman of Valenzuela City was arrested on Thursday for allegedly raping a minor, according to a report, quoting police. The suspect, identified only as alias “Alex,” 58, is accused of raping his stepdaughter who told her aunt about his stepfather’s sexual abuse, said Supt. Freddie Colico. “Parang lumalabas rin na sex slave [...] The post ‘Unaware’ barangay watchman arrested for raping stepdaughter appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 10th, 2018

Top NZealand navy officer accused of hiding camera in embassy toilet

WELLINGTON: One of New Zealand’s top naval officers is accused of hiding a camera in the toilet of the country’s embassy in Washington in a bid to obtain intimate footage of people using the bathroom, court documents showed Friday. Commodore Alfred Keating was a senior defence attache at the Washington embassy when a covert recording [...] The post Top NZealand navy officer accused of hiding camera in embassy toilet appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 4th, 2018

M3 expands anew; bank lending slows

Money supply growth accelerated in March amid a slower expansion in bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. Domestic liquidity or M3 expanded by 14.4 percent year on year to P10.918 trillion, faster than February’s 13.5 percent. Month-on-month and seasonally adjusted, M3 increased by 1.3 percent. “The overall pace of growth [...] The post M3 expands anew; bank lending slows appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 30th, 2018