Congress ratifies bill strengthening AMLA

Posted at 06/07/12 10:48 AM
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Congress has passed the bill allowing the Anti-Money Laundering Council to look into suspicious bank accounts. The amendments do away with the need for depositors' consent before the AMLC can get into a bank account.

Lawmakers also passed a bill criminalizing the financing of terrorist organizations. However, another bill expanding institutions covered by the anti-money laundering act is still pending. Mornings@ANC, June 7, 2012