The bill aims to keep the Philippines off the FATF grey list by expanding the AMLC’s powers, adding virtual‑asset service providers to the coverage, and allowing the AMLC to suspend or freeze transactions without a court order.
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/HB11250. Status changes over time; check the link for the latest.
HB11250 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.