Tag: Anti-Money Laundering Act

#PINGterview: Legislation vs Money Laundering

In an interview on DZMM, Sen. Lacson answered questions on possible legislation vs money laundering.

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Lacson Bill Adds Casinos, Real Estate Brokers, Art and Vehicle Dealers to Anti-Money Laundering Act Coverage

To better equip Philippine authorities to fight money laundering, Sen. Panfilo M. Lacson has filed a bill expanding the coverage of the Anti-Money Laundering Act (AMLA) to include Designated Non-Financial Businesses and Professions (DNFBPs) such as casinos, real estate brokers, and dealers of art works and motor vehicles.

Lacson, in Senate Bill 45, said the Financial Action Task Force has noted how money launderers now use such businesses and professions to cover their illegal transactions, with the casino industry seemingly attractive for those undertaking money-laundering activities.

“While the contributions of the (casino) industry are acknowledged, it is also understood that casinos are equally exposed to the raging threats of money laundering,” Lacson said in explaining the inclusion of casinos in the AMLA’s scope.

Related: Lacson bill sa money laundering tutok sa casino, real estate brokers, atbp Continue reading “Lacson Bill Adds Casinos, Real Estate Brokers, Art and Vehicle Dealers to Anti-Money Laundering Act Coverage”

Lacson Bill sa Money Laundering Tutok sa Casino, Real Estate Brokers, Atbp

Ipupurisige ni Senador Panfilo Lacson ang krusada laban sa pagpasok sa bansa ng salaping kinita sa mga ilegal na aktibidad o money laundering activities.

Sa Senate Bill 45 na inihain ni Lacson na naglalayong amyendahan ang umiiral na Anti-Money Laundering Act sa bansa, dinagdagan pa ng mambabatas ang mga aktibidad na ibibilang sa mga babantayan kaugnayan sa nabanggit na ilegal na transaksiyon.

Kabilang sa mga aktibidad na imomonitor ng mga awtoridad batay sa panukala ni Lacson ay ang operasyon ng mga casino, real estate brokers, mga nagbebenta ng artworks at maging mga negosyante ng mga mamamahaling sasakyan.

Lacson bill adds casinos, real estate brokers, art and vehicle dealers to Anti-Money Laundering Act coverage  Continue reading “Lacson Bill sa Money Laundering Tutok sa Casino, Real Estate Brokers, Atbp”

Huwag Matakot, Stop Kurakot! The Incredible Hulk (Chapter Three)

Mr. President, distinguished colleagues. The past week was not very enjoyable for this representation. This week, I suppose, will be no different.

Being a law enforcer for thirty years with some basic knowledge of law, I can not understand how a majority of the members of the Supreme Court could conspire so indecently with the administration of Mrs. Gloria Macapagal-Arroyo to subvert the Rule of Law, the primacy of the Constitution over Acts of the State, and the independence of the judiciary.

With your indulgence, let me belabor this issue.

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What We Have Is Now

Speech Before the Members of the Cotabato Electric Cooperative, Tulunan, Cotabato

I cannot begin to say how grateful I am to be invited to your 21st Annual General Membership meeting.  Continue reading “What We Have Is Now”