presented by SEN. TEOFISTO ‘TG’ GUINGONA III Chair, Senate Committee on Accountability of Public Officers and Investigations (Blue Ribbon Committee) LEGISLATIVE INITIATIVES AGAINST MONEY LAUNDERING & CORRUPTION
Legislative Initiatives Against Money Laundering and Corruption by Senator Teofisto "TG" Guingona III (March 16, 2012)
Jul 29, 2015
Legislative Initiatives Against Money Laundering and Corruption presented by Senator Teofisto "TG" Guingona III, Chair, Senate Committee on Accountability of Public Officers and Investigations (Blue Ribbon Committee), during the GOPAC-SEAPAC Philippine Chapter Workshop on Anti-Money Laundering and the United Nations Convention Against Corruption (UNCAC) held on March 16, 2012 at Traders Hotel, Manila.
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presented by SEN. TEOFISTO ‘TG’ GUINGONA III
Chair, Senate Committee on Accountability of Public
Officers and Investigations (Blue Ribbon Committee)
LEGISLATIVE INITIATIVES AGAINST MONEY LAUNDERING & CORRUPTION
1.
Senate Bill 3009
Ex parte Bank Inquiries
Senate Bill 3123
Expanding and Strengthening the Anti-Money Laundering Act of the Philippines
Senate Bill 3127
Suppression of Terrorist Financing
De Parte Inquiry
Ex parte Inquiry
Related Web of
Accounts
Related Web of
Accounts
Related Web of
Accounts
MAIN ACCOUNT
MAIN ACCOUNT
Current Law Proposed Law
Transactions
Conversion Transfer Movement Disposal Possession Use Concealment or disguise
1
• More predicate crimes
2
• More covered persons
Bribery Corruption Malversation Tax Evasion
Casinos Real Estate Agents Dealers in Precious Stones and Metals Certain professionals
� Terrorist financing as a stand-alone offense
� Penalizing persons who DEAL with funds/
properties connected to acts of terrorism
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