Quantcast
Latest Stories

Pass new AMLA, United Kingdom urges PH


MANILA, Philippines—The United Kingdom has urged the Philippines to strengthen its antimoney laundering law as UK underlined the importance of legislation in plugging corruption and terrorist funding.

Steph Lysaght, first secretary of the British Embassy in Manila, made the call as he cited how the Philippine government’s efforts to stop corruption had helped generate investor interest in the country.

The envoy made the statement during a British-funded training course on the implementation of stronger antimoney laundering measures held at the Bangko Sentral ng Pilipinas complex on Nov. 26.

The training gathered Philippine officials from agencies involved in enforcing the Anti-Money Laundering Act (AMLA).

The training was held as the Philippines moved closer toward passing amendments to the AMLA, a measure certified as urgent by President Aquino.

“I know that everyone is waiting for the passage of the third and final amendment to the Anti-Money Laundering Act. We hope that it will be passed. The anticorruption initiatives are a big part of why there is increased interest from companies to work in the Philippines,” Lysaght said. Tarra Quismundo


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: AMLA , Anti-Money Laundering Act , British Embassy , Corruption , Terrorism , terrorist funding

  • Cielo Shane Jimenez

    hoping na ma ipasa yan before Christmas break..



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Pope John XXIII launched Vatican II and then some
  • Militants: Napoles as state witness is ‘clear travesty of justice’
  • US ‘closely watching’ for signs of N.Korea nuclear test
  • Anti-Obama protesters clash with police in Manila
  • Lacson: Number of pork-tainted senators could form quorum
  • Sports

  • Wizards beat Bulls in OT to take 2-0 series lead
  • Pacers rally past Hawks 101-85 to even series
  • David Moyes out as Manchester United manager
  • Nadal to face fellow Spaniard at Barcelona Open
  • Defensive Chelsea holds Atletico in scoreless draw
  • Lifestyle

  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Sweet party for Andi Manzano
  • Safety in online buying and selling
  • Entertainment

  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Summer movie preview: Bay reboots ‘Transformers’
  • Business

  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • $103M Vista Land bonds tendered for redemption
  • Oil slips to $102 as US crude supplies seen rising
  • SC stops Meralco power rate hike anew
  • Technology

  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Brazil passes trailblazing Internet privacy law
  • New York police Twitter campaign backfires badly
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • Filipina, 51, shot dead by 24-year-old American boyfriend
  • China, rivals sign pact to ease maritime tensions
  • Visa-free US trip? Do not believe it, says consulate
  • Obama visit to Asia seen as counterweight to China
  • Violence mars militant protest at US Embassy
  • Marketplace