1 July
Philippines admitted to international Egmont group.
The Philippines' Anti-Money Laundering Council (AMLC) has been admitted as a member of the Egmont Group, the global network of financial intelligence units. Central Bank Deputy Governor, Amando Tetangco, said the AMLC's decision to admit the Philippines highlighted the success of the Philippines' antimony laundering laws introduced in September 2001. The Philippines will now benefit from access to information in the databases of members nations in order to further combat international money laundering.
Taiwan and Paraguay sign agreement to combat money laundering.
An agreement has been signed today between Taiwan and Paraguay in order to tackle money laundering and terrorist financing. The Taiwanese Government said it hopes the pact will help strengthen the two countries' capability in combating cross-border crimes. The agreement facilitates the exchange of financial crime information between the two nations.
