The Anti-Money Laundering Council (AMLC) appointed Atty. Matthew M. David as the new Executive Director of the AMLC, effective 18 August 2022.

Under Section 8 of Republic Act No. 9160 or the Anti-Money Laundering Act of 2001, as amended, the AMLC is authorized to establish a secretariat to be headed by an Executive Director, who shall be appointed by the Council for a term of five (5) years. The Executive Director must be a member of the Philippine Bar, at least 35 years of age, and of good moral character, unquestionable integrity, and known probity.

Executive Director David replaces Atty. Mel Georgie B. Racela, whose term ended on 17 August 2022.

Previously, Executive Director David served as the Director of the Investigation and Enforcement Department of the AMLC Secretariat and as the Deputy Director of the Office of the General Counsel and Legal Services at the Bangko Sentral ng Pilipinas. He also taught law at Arellano University and Our Lady of Perpetual Help University.

He holds a Master of Laws degree in Finance from the Institute for Law and Finance at the Goethe-Frankfurt University in Germany. He obtained his degrees in Bachelor of Laws and Bachelor of Arts in Political Science from the University of the Philippines in Diliman, Quezon City.

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 Posted 18 August 2022