Philippines: Amended Anti-Money Laundering Act gives Council new authority on information handling.
Description
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, dissemination, security and confidentiality.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
other service provider
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body