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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.
Despite these, the Governor emphasized AMLC’s continuing commitment to its mandate. “Successive high profile cases continue to test the mettle of the AMLC and the Secretariat. Through all these, we stand firm and resolute in continuing the fight against those who would undermine our economy, our legal system and threaten our peace with dirty money,” said the Governor.
In closing, the Governor commended the AMLC Secretariat for its commitment, courage and for remaining faithful and true to the mandate of the law. “You are all part of AMLC’s success. Every Resolution issued, every petition filed in court resulted from countless hours of going over thousands of records, following up on leads, and sometimes staking out suspects. We are proud of you.” (Atty. Jacqueline Q. Borja)