Bigger and bolder challenges as AMLC turns 14
On 16 October 2015 the Anti-Money Laundering Council (AMLC) celebrated its 14th Anniversary at the Hotel Jen, Roxas Boulevard, Manila. The occasion was graced by AMLC Chairperson and Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr., former AMLC Executive Director now BSP Deputy-Governor for Resource Management Sector Atty. Vicente S. Aquino and AMLC Secretariat Executive Director Atty. Julia C. Bacay-Abad.
In his speech during the celebration of the 14th year of the AMLC, Governor Tetangco addressed the bigger and bolder challenges faced by the AMLC with cases filed involving huge amounts of plundered money, hardened drug lords, complicated pyramiding scams, and high profile cases against government officials. As a result of which, the AMLC has been accused of being biased, partisan, and/or being an instrument for political persecution.