The Senate approved previous amendments to Anti Money Laundering Act (AMLA) in two tranches, SB 3009 which allows the Anti-Money Laundering Council (AMLC) to look into the bank accounts of suspected money launderers without notifying them and SB 3127 which criminalizes the terrorist financing.
money laundering
Vatican Bank President Is Ousted For Suspected Money Laundering
Moneyval, the Council of Europe’s experts on anti-money laundering, is due to rule at the beginning of July on the whether the Holy See has managed to clean up its act and meet international monetary standards.