THE Bureau of Internal Revenue (BIR), represented by Commissioner Lilia Catris Guillermo, entered into a memorandum of agreement (MoA) with the Anti-Money Laundering Council (AMLC), represented by Executive Director Matthew David, on Oct. 13, 2022.

The AMLC is the primary government agency mandated by law to implement and enforce the Anti-Money Laundering Act of 2001 (AMLA) as amended, and the Terrorism Financing Prevention and Suppression Act of 2012. These laws were issued to ensure that the Philippines would not be used as a money laundering haven for the proceeds of any unlawful activity and to protect life, liberty and property from acts of terrorism by condemning terrorism and those who support and finance it.