AMLC defends mandate: ‘Without Fear or Favor’
The country’s anti-money laundering watchdog has lashed out against criticisms and accusations of alleged leaked documents involving 242 bank accounts held by Vice President Jejomar C. Binay.
In a statement released over the weekend, the Anti-Money Laundering Council (AMLC) said: “The AMLC will continue to discharge its legal mandate without fear or favor.”
The statement added that it will not deign to address issues hurled at the institution by politicians whose identities were not named in the press release, if it were done outside of legal proceedings.
“Any and all issues concerning a pending case should be raised by the parties before the proper Court,” said AMLC.
The AMLC, housed within the compound of the Bangko Sentral ng Pilipinas (BSP), is chaired by BSP Governor Amando M. Tetangco Jr. and includes as members Securities and Exchange Commission head Teresita J. Herbosa and Insurance Commission chief Emmanuel F. Dooc.