ANTI-MONEY LAUNDERING

I. GOVERNING LAWS

 RA 9160 ANTI-MONEY LAUNDERING ACT OF 2001.

 As amended by RA 9194 (AMLA);
 RA 10167 amending Sections 10 and 11 of RA 9160;
 RA 10365

II. DECLARATION OF STATE POLICY

SECTION 2, RA 9160

Declaration of Policy

It is hereby declared the policy of the State to protect and

preserve the integrity and confidentiality of bank accounts and to
ensure that the Philippines shall not be used as a money laundering
site for the proceeds of any unlawful activity. Consistent with its
foreign policy, the State shall extend cooperation in transnational
investigations and prosecutions of persons involved in money
laundering activities wherever committed.

A. PERSONS LIABLE:

SECTION 4. MONEY LAUNDERING OFFENSE

MONEY