Bill Type
Congress Name
Long Title
AN ACT DEFINING AND PUNISHING MONEY LAUNDERING AND PROVIDING FOR APPROPRIATE MECHANISM FOR ITS DETECTION, PREVENTION AND PROSECUTION, INCLUDING THE CREATION OF THE NATIONAL ANTI-MONEY LAUNDERING BOARD, DEFINING THE POWERS AND FUNCTIONS THEREOF AND APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
Date filed
July 24, 2001
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 1319, 12th Congress of the Republic |
| FULL TITLE : AN ACT DEFINING AND PUNISHING MONEY LAUNDERING AND PROVIDING FOR APPROPRIATE MECHANISM FOR ITS DETECTION, PREVENTION AND PROSECUTION, INCLUDING THE CREATION OF THE NATIONAL ANTI-MONEY LAUNDERING BOARD, DEFINING THE POWERS AND FUNCTIONS THEREOF AND APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES |
| ABSTRACT : It is the policy of the State to ensure that criminals, organized crime groups, corrupt public officials and the proceeds of their unlawful activities cannot find safe haven in or use the Philippines as a money laundering site, offshore center or transit point and to extend strong cooperation in any transnational investigation, prosecution and extradition involving money laundering activities wherever committed. |
| PRINCIPAL AUTHOR/S : PEREZ, FRANK S. |
| DATE FILED : 2001-07-24 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Abaya (021 ) |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITTEE ACTION: change of cttee. ref'l Gov't Reorg. as per J.5; p.30 (July 31,2001);j t. ref'ls as per J.17; p.15(Au |
| MOTHER BILL: House Bill No. 3083, 12th Congress of the Republic |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2001-07-30 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON ECONOMIC AFFAIRS, JUSTICE, APPROPRIATIONS |
Abstract
It is the policy of the State to ensure that criminals, organized crime groups, corrupt public officials and the proceeds of their unlawful activities cannot find safe haven in or use the Philippines as a money laundering site, offshore center or transit point and to extend strong cooperation in any transnational investigation, prosecution and extradition involving money laundering activities wherever committed.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.