Best Egmont Case Award conferred to AMLC
Four years after its launch, the Anti-Money Laundering Council (AMLC) is awarded the Best Egmont Case Award (BECA). Granted by the Egmont Group of Financial Intelligence Units, the BECA highlights the vital role of the AMLC in the investigation process, which entails tracing, freezing, and seizing the proceeds involved in the scam cited in its submitted case.
“We take pride in this win as it is an affirmation of all the hard work that the Council and the Secretariat have put in to combat money laundering in the country,” noted AMLC Secretariat Executive Director Atty. Julia C. Bacay-Abad. “I am particularly proud of the case we have submitted as it shows how cooperation among our domestic partners can prevail amidst the difficult circumstances and create a strong impact in our fight against corruption. Indeed, AMLC has become a more effective FIU and a stronger anti-money laundering or counter-terrorism financing partner, and our peers have recognized this.”