DLSU Frontdoor The DLSU Newsletter Online

27 AUGUST 2001. VOLUME 33. NUMBER 13. 4 PAGES_ 

newsletter front page
faculty news
this week at DLSU-Manila
lasallian thoughts
contact us

La Salle advocates bill
on anti-money laundering

De La Salle University-Manila (DLSU-M) expressed its support toward the legislation of anti-money laundering bill (AML) by sponsoring a seminar for civil society organizations at the Manila Galleria Suites on August 14.

Workshop participants included civil society networks such as the Citizens National Network against Poverty and Corruption (CNN-APC), headed by System President Brother Rolando Dizon, FSC, the Couples for Christ, and members of the Transparency and Accountability Network (TAN), composed of the Ateneo School of Government, Makati Business Club, Development Academy of the Philippines, Volunteers Against Crime and Corruption, Action for Economic Reforms, and the Freedom from Debt Coalition.

During the conference, participants mutually agreed that there is a pressing need to improve the proposed bill drafted by government agencies, Bangko Sentral ng Pilipinas, Department of Justice, and Department of Finance.

The Philippines is one of the few countries without AML legislation. A possible implication of money laundering by criminal syndicates might isolate the country from international transactions if our financial systems cannot regulate suspicious transactions by individuals and groups.

The participants also voiced out the necessity to establish a task force to disseminate and provide more information on the AML bill. The forum seeks to encourage the authors of the bill to incorporate the comments and suggestions of the civil society organizations before the bill goes into senate deliberation.

Dr. Francisco Magno, executive director of DLSU-Mís La Salle Institute of Governance (LSIG), emphasized the importance of getting feedback from the public to involve them in the policy-making process. He affirmed the AML billís importance in maintaining the integrity of the nationís economic and political systems.

LSIG, under the Office of the President, provides forums for the discussion of governance and policy issues. It seeks to provide training in the future to government representatives and civil society organizations to promote effectiveness, participation, transparency and accountability in governance.

Inside NEWS

back to dlsu home page


HOME FrontGo to the top of the page
This is best viewed with MS Internet Explorer 4 or Netscape Communicator 4 and above.
You can set your video resolution to 800x600 pixels (16 bit/24 bit color/32 bit) for best results.