MANILA: Philippines President Benigno Aquino III on Monday signed into law two measures against money laundering and terrorist financing, Xinhua news agency reported.
“Aquino has signed two bills into law: ‘An Act To Further Strengthen Anti-Money Laundering Law’ and ‘Terrorism Financing Prevention And Suppression Act of 2012’,” Presidential spokesman Edwin Lacierda said in a statement.
Lacierda said that both measures “will strengthen the capability of the government to identify and prevent financial transactions related to illegal activities and those that undermine global security.”
The measures affirm the Aquino administration’s commitment to accountability and transparency, the statement added. — Bernama