BANGKO Sentral ng Pilipinas Governor Benjamin E. Diokno formally opened the Anti-Money Laundering Council (AMLC) Satellite Office at the New Mint Plant Building, BSP Security Plant Complex in Quezon City last July 27.
Apart from its close proximity to law enforcement and intelligence agencies for easier coordination, the satellite office will accommodate the AMLC’s additional personnel, a statement from the BSP said.
“This move is a step toward accomplishing the Philippines’s ‘International Co-operation Review Group Action Plan’ items, particularly, on increasing the AMLC’s ‘human resources to ensure that it maintains effective operational analysis capacities and facilitates timely access by law enforcement agencies,’” the statement added.
“Addressing all action plan items would ultimately result in the country’s exit from the list of ‘jurisdictions under increased monitoring’ or the grey list,” the BSP said.
Image courtesy of BSP