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AMLC asks for additional budget to fund efforts against dirty money risks
Business World Philippines
|September 16, 2025
THE Anti-Money Laundering Council (AMLC) is seeking an additional P162.9 million for their 2026 budget to fund their programs to combat “dirty money” and terrorism financing risks, including P23 million in intelligence funds to investigate and possibly prosecute these cases.
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“The AMLC, in order to combat terrorism financing and also money laundering, needs intelligence funds or confidential funds for our investigation group or the investigation and enforcement department,” AMLC Executive Director Matthew M. David said at a Senate budget briefing on Monday.
He said these funds will be used for the possible prosecution of money laundering and terrorist financing cases, which are part of the agency’s seven programs, activities and projects (PAPs) that are not fully covered in its 2026 budget proposal approved by the Department of Budget and Management.
Under the National Expenditure Program (NEP) for 2026, the AMLC has been allotted P170.161 million, below its proposed budget of P333.1 million.
Diese Geschichte stammt aus der September 16, 2025-Ausgabe von Business World Philippines.
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