The proposal would make the Anti‑Money Laundering Council a more independent and powerful agency, expand its reach to new businesses such as cryptocurrency platforms, casinos and online gambling, give it powers to freeze or suspend assets without waiting for a court, raise fines over time, and set up a fund from seized assets to pay for its own operations.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB08998. Status changes over time; check the link for the latest.
HB08998 · Sources: BatasWatch
No changes since we started checking daily on Oct 4, 2026.
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.