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The Anti-Money Laundering Council (AMLC) successfully obtained a court order forfeiting bank accounts found to be linked to illegal drug trafficking. In a Decision dated August 24, 2026, the Regional Trial Court (RTC) of Manila ordered the forfeiture in favor of the government of the bank accounts associated with four individuals. The RTC found that […]
To fast-track the distribution of public and social services to beneficiaries, Senator Win Gatchalian is proposing that government financial institutions create a bank account for every unbanked Filipino. “Sa ilalim ng panukalang ito, mas mapapadali na ang pamimigay ng ayuda dahil derecho na ito sa mismong bank account ng mga benepisyaryo at hindi na kailangang […]
Beginning January 1, 2023, all Filipinos who have registered in the national identification (ID) system will own a bank account that will have access to government’s financial services. This was the proposal laid down by Senator Win Gatchalian in filing Senate Bill No. 2251 or the “One Filipino, One Bank Account Act” as the measure […]