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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

& 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

Battle to avert US govt shutdown moves to Senate

WASHINGTON, D.C.: A last-ditch battle to avert a looming US government shutdown moved to the Senate on Friday, where Democrats angered by the collapse of immigration talks have vowed to block a stop-gap funding bill. With the federal government set to run out of money on Friday at midnight—the eve of the one-year anniversary of [...] The post Battle to avert US govt shutdown moves to Senate appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated News19 hr. 54 min. ago

Pampanga town police chief arrested for extortion

A POLICE chief in Pampanga was arrested for alleged extortion, according to a task force in charge of monitoring erring policemen. The police official was identified as Senior Inspector Romeo Bulanadi of the Sasmuan Municipal Police Station. Bulanadi was accused of allegedly extorting P30,000 from the operators of a community fair or “perya” on Tuesday [...] The post Pampanga town police chief arrested for extortion appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 17th, 2018

Nov remittances hit $2.5B; 11-mo tally rises to $28.2B

Money sent home by overseas Filipino workers (OFWs) rose in November from a year earlier but were lower compared to the previous month, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. Personal remittances totaled $2.526 billion for the month, 3.2 percent higher compared to November 2016’s $2.446 billion but down 1 percent from the [...] The post Nov remittances hit $2.5B; 11-mo tally rises to $28.2B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 15th, 2018

Higher Education chief Licuanan resigns

COMMISSION on Higher Education chairperson Patricia Licuanan announced her resignation after a flag-raising ceremony at the agency on Monday morning. Licuanan’s resignation six months before her retirement came amid allegations of excessive foreign travel. Licuanan’s term ends officially in July. Rep. Jericho Nograles of Pwersa ng Bayaning Atleta (PBA) accused Licuanan earlier this month on [...] The post Higher Education chief Licuanan resigns appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 15th, 2018

‘PH NOT READY FOR UNICAMERAL PARLIAMENT’

SEN. Panfilo Lacson on Saturday said the Philippines was not politically mature enough to adopt a single-chamber parliament, while Sen. Antonio Trillanes 4th warned against “warlordism” if the country shifts to a federal system of government. Lacson and Trillanes, who belong to opposite sides in the Senate, went on separate radio interviews amid the snowballing [...] The post ‘PH NOT READY FOR UNICAMERAL PARLIAMENT’ appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 13th, 2018

Duterte to continue firing spree vs corrupt execs, junketeers

PRESIDENT Rodrigo Duterte’s firing spree is not yet over. As part of his “purging regime,” the President said he would continue to sack government officials who waste people’s money by going on frequent junkets. During Friday night’s birthday bash of House Speaker Pantaleon Alvarez, Duterte reiterated his vow to fulfill his campaign promises within the single term [...] The post Duterte to continue firing spree vs corrupt execs, junketeers appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 13th, 2018

Court resets graft trial of Revilla, co-accused to Jan 25

THE Sandiganbayan First Division postponed the trial of the graft cases filed against former Sen. Ramon “Bong” Revilla Jr. and other individuals in connection with the Priority Development Assistance Fund (PDAF) or pork barrel scam. The court reset the trial to January 25. Associate Justice Efren de la Cruz, who leads the First Division, said on [...] The post Court resets graft trial of Revilla, co-accused to Jan 25 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018

Travel at your own expense, govt workers told

PRESIDENTAL Communications Secretary Martin Andanar urged officials and personnel of the executive branch to use their own money if they want to travel abroad. Andanar suggested that government employees can take advantage of the “seat sale” or promo fares being offered by various airline companies if they wish to travel despite the “no-travel” policy issued [...] The post Travel at your own expense, govt workers told appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 8th, 2018

Cam ‘creating havoc’ in PCSO

Philippine Charity Sweepstakes Office (PCSO) General Manager Alexander Balutan has accused former Jueteng bagwoman-turned-whistleblower Sandra Cam of “creating havoc” within the said office by raising “baseless corruption allegations.” Balutan made the pronouncement as he bared that Cam in December requested for 1,700 sacks of rice for a “Christmas gift giving program” in Metro Manila. “I [...] The post Cam ‘creating havoc’ in PCSO appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 7th, 2018

The anatomy of terrorist financing

Third of four parts Terrorist activities can be classified into both operational and support activities. Operational activities encompass surveillance and reconnaissance, rehearsal, final preparations and the actual attack. Support activities entail propaganda, recruitment, fund-raising, procurement, transportation and travel, safe havens, multiple identities, communications and training. All these activities require money;… The post The anatomy of terrorist financing appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 5th, 2018