Tag: Money Laundering
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DOJ’s War on Money Laundering and Terror Financing: A Resounding Success
In a triumphant stride against financial crimes, the Department of Justice (DOJ) has showcased remarkable progress in tackling money laundering and terrorism financing. Through its dedicated Financial Investigation and Litigation Enhancement and Prosecution Support Center (FILEPSC), the DOJ has meticulously identified, investigated, and prosecuted numerous cases from 2020 to 2024. The DOJ’s efforts have led…
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Philippines’ Exit from FATF Grey List Boosts Appeal for Foreign Direct Investment, Says AMLC
MANILA – The recent removal of the Philippines from the Financial Action Task Force’s (FATF) grey list is poised to significantly enhance the country’s allure as a prime destination for foreign direct investment (FDI), according to the Anti-Money Laundering Council (AMLC). This development marks a pivotal moment in the nation’s ongoing efforts to combat money…
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Philippines Arrests 180 Foreign Fugitives in 2024, Surpassing Previous Year’s Tally
In a significant crackdown on international crime, the Bureau of Immigration (BI) in the Philippines reported the arrest of 180 foreign fugitives throughout 2024. This number marks an increase from the 128 arrests made in the previous year, as detailed in a report to BI Commissioner Joel Viado by Rendel Ryan Sy, the acting chief…
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Philippine Agencies Unite to Combat Drug Trafficking with Tech and Data Sharing
In a significant move to tackle the illegal drug trade, the Philippine Drug Enforcement Agency (PDEA) and the Cybercrime Investigation and Coordinating Center (CICC) have formalized a partnership. The agreement, signed at the National Cybercrime Hub in Taguig City, focuses on enhancing efforts against drug importation and supply through the exchange of data and technology.…
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DOJ Greenlights Money Laundering Charges Against Ex-Mayor Alice Guo and 31 Associates
The Department of Justice (DOJ) has given the go-ahead for 62 counts of money laundering charges to be filed against Alice Guo, the former mayor of Bamban, Tarlac, and 31 others linked to a Philippine Offshore Gaming Operator (POGO) hub in the town. This decision was announced by DOJ spokesperson Mico Clavano during a press…
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DOJ Greenlights Money Laundering Charges Against Ex-Mayor Alice Guo and 31 Others
The Department of Justice (DOJ) has given the go-ahead for 62 counts of money laundering charges to be filed against Alice Guo, the former mayor of Bamban, Tarlac, and 31 others linked to a Philippine Offshore Gaming Operator (POGO) hub in the town. This decision was announced by DOJ spokesperson Mico Clavano during a press…
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Philippine Government’s Intensified Anti-Drug Campaign Seizes PHP21.43 Billion in Narcotics in 2024
In 2024, the Philippine government’s escalated efforts against narcotics resulted in the seizure of PHP21.43 billion worth of illegal drugs, marking a significant increase from the previous year. The Philippine Drug Enforcement Agency (PDEA) reported a 32% rise in the total value of confiscated drugs and controlled substances compared to PHP16.24 billion in 2023. The…
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Philippine Government’s Intensified Anti-Drug Campaign Seizes P21.43 Billion in Narcotics in 2024
In a significant escalation of its fight against illegal drugs, the Philippine government reported the seizure of narcotics valued at PHP21.43 billion in 2024. This marks a 32% increase from the PHP16.24 billion seized in the previous year, showcasing the effectiveness of the Marcos administration’s intensified anti-narcotics strategy. The Philippine Drug Enforcement Agency (PDEA) highlighted…
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Senator Gatchalian Demands Thorough Investigation into Banks’ Role in POGO Money Laundering
Senator Sherwin Gatchalian has pledged to ramp up the investigation into the potential involvement of banks and other financial entities in money laundering activities connected to the illegal operations of Philippine offshore gaming operators (POGOs). This commitment was made public on January 13, 2024, following the shutdown of the largest POGO facility in Kawit, Cavite,…
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