SPEAKER VELASCO OPTIMISTIC ABOUT AVOIDING FATF GRAY LIST AS HOUSE RATIFIES AMLA AMENDMENTS

Speaker Velasco Optimistic About Avoiding FARF Gray List as House Ratifies AMLA Amendments

The House of Representatives ratified Wednesday the bicameral conference committee report on the bill that would further amend the country‚Äôs anti-money laundering law, ahead of the February 2021 deadline set by the Paris-based global dirty money watchdog Financial Action Task Force (FATF). Speaker Lord Allan Velasco said the reconciled version of the bill, which introduces …

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