Philippines: New authority for agency in Republic Act No. 11521 (Amending Anti-Money Laundering Act 2001 (No. 9160)
Progress
Current status
adopted
03 May 2021 adopted
Scope
Implementers
Philippines
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
other service provider
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Amended Anti-Money Laundering Act gives Council new authority on information handling.
The Bureau of Inland Revenue issues a notice on the amendments of Anti-Money Laundering Act 2001, which expands the scope of anti-money regulation and gives the Anti-Money Laundering Council the authority to formulate rules on information exchange, …
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
other regulatory body