Bill Type
Congress Name
Long Title
AN ACT TO PREVENT, DETECT, PROSECUTE AND PUNISH MONEY LAUNDERING AND THE USE OF FACILITIES IN THE PHILIPPINES, AND FOR OTHER PURPOSES
Date filed
July 6, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 817, 12th Congress of the Republic |
| FULL TITLE : AN ACT TO PREVENT, DETECT, PROSECUTE AND PUNISH MONEY LAUNDERING AND THE USE OF FACILITIES IN THE PHILIPPINES, AND FOR OTHER PURPOSES |
| ABSTRACT : "Anti-Money Laundering Act of 2001." This bill seeks to address the urgent need to define the crime of money laundering, provide the sanction and penalties and institutions and individuals convicted with the crime of money laundering, and mandates the supervising authorities such as the Bangko Sentral ng Pilipinas, the Securities and Exchange Commission and the Insurance Commissioner with the powers to investigate and pursue individuals and institutions suspected of money laundering. |
| PRINCIPAL AUTHOR/S : COJUANGCO, CARLOS O. |
| DATE FILED : 2001-07-06 |
| SIGNIFICANCE: NATIONAL |
| 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( Aug.29,200 1) |
| 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." This bill seeks to address the urgent need to define the crime of money laundering, provide the sanction and penalties and institutions and individuals convicted with the crime of money laundering, and mandates the supervising authorities such as the Bangko Sentral ng Pilipinas, the Securities and Exchange Commission and the Insurance Commissioner with the powers to investigate and pursue individuals and institutions suspected of money laundering.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.