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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-M’s 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 bill’s importance
in maintaining the integrity of the nation’s 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.
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