^

Headlines

FATF officials to meet Congress leaders tomorrow

-
DAVAO CITY — Senate President Franklin Drilon is hopeful the Philippines will meet the March 15 deadline for passing amendments to the Anti-Money Laundering Law (AMLA) set by the Paris-based Financial Action Task Force (FATF).

"We will intensify our efforts that the necessary amendments shall be done before the deadline," Drilon told reporters in an interview here yesterday morning.

The FATF was already set to impose still unspecified sanctions against the Philippines last month for Congress’s failure to enact amendments that meet the standards of the global financial watchdog.

But sanctions, Drilon said, could hopefully be avoided once there will be a meeting of minds between the parties concerned in drawing up the amendments.

The Senate chief disclosed that FATF officials are arriving in Manila tomorrow and a meeting has been set with leaders of the Senate and Lower House.

vuukle comment

AMENDMENTS

ANTI-MONEY LAUNDERING LAW

DEADLINE

DRILON

FATF

FINANCIAL

FINANCIAL ACTION TASK FORCE

MEET

SENATE

SENATE AND LOWER HOUSE

SET

  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with