Philippines: Stricter AMLA reporting guidelines set to take effect


January 3 2018

The stricter registration and reporting guidelines of the Anti-Money Laundering Council (AMLC) are set to take effect on Thursday, January 4.  This is part of the government’s campaign against money laundering and terrorism financing, which was highlighted when $81 million stolen from Bangladesh’s central bank was coursed through a Philippine bank and casinos in 2016.