Anti-Money Laundering Council (Philippines)
Agency of the Government of the Philippines / From Wikipedia, the free encyclopedia
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The Anti-Money Laundering Council (AMLC) is the agency of the Government of the Philippines that is tasked to implement the provisions of Republic Act No. 9160, also known as the “Anti-Money Laundering Act of 2001” (AMLA), as amended, and Republic Act No. 10168, also known as the “Terrorism Financing Prevention and Suppression Act of 2012” (TFPSA).
Agency overview | |
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Formed | September 29, 2001 |
Jurisdiction | Philippines |
Headquarters | Anti-Money Laundering Council, EDPC Building, BSP Complex, Malate, Manila , Philippines |
Annual budget | ₱75.06 million Php (2018)[1] |
Agency executive |
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Website | www |
It serves as the Philippines' central anti-money laundering/counter-terrorism financing (AML/CTF) authority. As such, it functions as the AML/CTF regulator and supervisor, financial intelligence unit, and primary law enforcement agency of the Philippines against money laundering and terrorist financing.
The AMLC may refer to (1) the government agency or (2) the Council, which heads the said government agency.