Business World | Towards strengthening anti-money laundering in the country

In the below article from Business World, the Philippines has been deemed to be vulnerable to money laundering and terrorism funding. This, according to the Philippinest AML (Anti-Money Laundering) Report, is due to its growing economy and geographic positioning within major trafficking routes. Strengthening AML laws and regulations is therefore crucial to address the risk and fight financial crimes.

Money laundering is an illegal process of making assets or cash obtained from criminal activities appear to have come from legitimate sources. Simply put, from the word itself, money laundering makes dirty money look clean.....

Towards strengthening anti-money laundering in the country - BusinessWorld Online (bworldonline.com)