The proposal would broaden the anti‑money‑laundering law to cover digital‑asset platforms, online gambling sites and other high‑risk businesses, lower the reporting thresholds for large cash moves, and give the AML Council new powers to freeze or suspend suspicious transactions and seize assets.
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/HB09042. Status changes over time; check the link for the latest.
HB09042 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.