PRESIDENT Rodrigo Duterte has signed into law a measure strengthening the government’s regulations to ensure that the Philippines "will not be used as a money laundering site for the proceeds of any unlawful activity."
Duterte signed Republic Act (RA) 11521, which introduces amendments to RA 9160 or the Anti-Money Laundering Act of 2001 (AMLA) in a bid to prevent the country from being included on the "gray list" or countries with weak policies against dirty money.
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