Duterte Agrees to Boost the Financial System in the Country as He Signs the AMLC Law
In line with the request of the Paris-based watchdog Financial Action Task Force for the government to review its policies against dirty money, President Duterte signed into law Republic Act 11521, which further strengthens the 20-year-old Anti-Money Laundering Act, yesterday. Duterte beat the February 1st deadline that was set by the FATF for introducing improvements to AMLA by signing the …