Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 3, SUBPARAGRAPH (b) OF REPUBLIC ACT NO. 9160, OTHERWISE KNOWN AS THE `ANTI-MONEY LAUNDERING ACT OF 2001'
Date filed
September 3, 2002
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 5215, 12th Congress of the Republic | |
| FULL TITLE : AN ACT AMENDING SECTION 3, SUBPARAGRAPH (b) OF REPUBLIC ACT NO. 9160, OTHERWISE KNOWN AS THE `ANTI-MONEY LAUNDERING ACT OF 2001' | |
| ABSTRACT : This bill seeks to lower the amount of covered transaction or transactions on bank accounts to be investigated to conform with international standards, with the end in view of delisting the Philippines from the FINANCIAL ACTION TASK FORCE (FATF) watch list of countries who failed to implement controls to restrain money laundering by criminal syndicates. | |
| PRINCIPAL AUTHOR/S : CHATTO, EDGARDO M. | |
| DATE FILED : 2002-09-03 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Tulagan (019 ) | 2. Jaraula (028 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| MOTHER BILL: House Bill No. 5655, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2002-09-30 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON ECONOMIC AFFAIRS, JUSTICE |
Abstract
This bill seeks to lower the amount of covered transaction or transactions on bank accounts to be investigated to conform with international standards, with the end in view of delisting the Philippines from the FINANCIAL ACTION TASK FORCE (FATF) watch list of countries who failed to implement controls to restrain money laundering by criminal syndicates.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.