MANILA, Philippines — Senator Grace Poe endorsed in the plenary on Wednesday a bill that would further strengthen the Anti-Money Laundering Act (AMLA).
In her sponsorship speech, Poe noted that Senate Bill No. 1945 is an important measure that requires the immediate attention of the Senate.
“We are implored to immediately act on it by the Asia Pacific Group on Money Laundering, ‘as a form of national economic emergency, due to the very serious economic costs’ arising from non-compliance,” she said.
Poe noted that the measure, which seeks to further amend the Anti-Money Laundering Act of 2001, was crafted as a response to the findings of the mutual evaluation report (MER) evalu…
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