Anti-Money laundering Council (AMLC) Archives

BSP Imposes Biggest Monetary Sanction vs RCBC

August 5, 2016 by Jam Primera in Featured

RCBC faces a P1 billion fine because of the P81 million money laundering scandal. The Bangko Sentral ng Pilipinas (BSP) imposed a fine of P1 billion to Rizal Commercial Banking Corp. (RCBC) in connection to the P81 million money laundering scandal involving the amount stolen from the Bank of Bangladesh. According to the monetary board, … Read more

VP Binay Challenges Rivals To Allow Gov’t To Look On Their Bank Accounts

April 28, 2016 by Jaz De Luna in News

VP Binay Challenged Rivals To Allow AMLC Look On Their Bank Accounts Vice President Jejomar Binay recently challenged his fellow presidential candidates to allow the Anti-Money laundering Council (AMLC) to look and survey their bank accounts and the bank accounts of their spouses and children as well. VP Binay said he already did this. According … Read more