Bill Type
Congress Name
Long Title
AN ACT TO PREVENT, DETECT, PROSECUTE AND PUNISH MONEY LAUNDERING AND THE USE OF BUSINESS FACILITIES IN THE PHILIPPINES IN MONEY LAUNDERING AND FOR OTHER PURPOSES
Date filed
July 2, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 39, 12th Congress of the Republic | |
| FULL TITLE : AN ACT TO PREVENT, DETECT, PROSECUTE AND PUNISH MONEY LAUNDERING AND THE USE OF BUSINESS FACILITIES IN THE PHILIPPINES IN MONEY LAUNDERING AND FOR OTHER PURPOSES | |
| ABSTRACT : "Anti-Money Laundering Act of 2001." Rationale: It is the policy of the State to ensure that the Philippines is not used as a money laundering site, transit point and haven for the proceeds of criminal and unlawful offenses committed abroad. It islikewise, the policy of the State to do its share in the global effort of preventing, detecting, and punishing money laundering wherever committed. | |
| PRINCIPAL AUTHOR/S : DE VENECIA, JOSE JR. C. | |
| DATE FILED : 2001-07-02 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Ablan (004 ) | 2. Albano (004 ) |
| 3. Uy (004 ) | 4. Failon (004 ) |
| 5. Del Mar (005 ) | 6. Espina (005 ) |
| 7. Badelles (006 ) | 8. Puentebella (007 ) |
| 9. Saludo (009 ) | 10. Soon-ruiz (009 ) |
| 11. Malanyaon (010 ) | 12. Salapuddin (010 ) |
| 13. Mathay (010 ) | 14. Hizon (010 ) |
| 15. Celeste (010 ) | 16. Lopez (010 ) |
| 17. Tulagan (010 ) | 18. Cuenco (011 ) |
| 19. Libanan (011 ) | 20. Barbers (011 ) |
| 21. Bondoc (011 ) | 22. Cua (012 ) |
| 23. Monfort (012 ) | 24. Jaraula (013 ) |
| 25. Silverio (013 ) | 26. Espinosa (014 ) |
| 27. Syjuco (014 ) | 28. Zialcita (017 ) |
| 29. Escudero (019 ) | 30. Chatto (022 ) |
| 31. Espino (022 ) | 32. Ledesma (022 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE ACTION: jt. ref'ls as per J.17;p.15( Aug. 28,2001);a s per J. 18;p.19(Au g.29,2001) | |
| MOTHER BILL: House Bill No. 3083, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2001-07-24 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON ECONOMIC AFFAIRS, JUSTICE, APPROPRIATIONS |
Abstract
"Anti-Money Laundering Act of 2001." Rationale: It is the policy of the State to ensure that the Philippines is not used as a money laundering site, transit point and haven for the proceeds of criminal and unlawful offenses committed abroad. It islikewise, the policy of the State to do its share in the global effort of preventing, detecting, and punishing money laundering wherever committed.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.