Financial Crime World

Escobillo Heads Anti-Money Laundering Council

History of the AMLC (2005-2022)

2005-2007: Early Years

Amando M. Tetangco, Jr. took over as Chairman of the Bangko Sentral ng Pilipinas (BSP), while Fe B. Barin led the Securities and Exchange Commission (SEC). Eduardo T. Malinis became the new Chairman of the Insurance Commission (IC).

2010: Leadership Changes

Amando M. Tetangco, Jr. continued to lead the BSP, while Fe B. Barin remained at the SEC. Santiago J. Ranada took over as Chairman of the IC.

2011: New Leaders

Amando M. Tetangco, Jr. completed his term at the BSP and was succeeded by a new chairman. Meanwhile, Fe B. Barin continued to lead the SEC, while Melchor H. Quilala became the new Chairman of the IC.

2012-2017: Evolution of AMLC

The Anti-Money Laundering Council (AMLC) underwent significant changes during this period. Amando M. Tetangco, Jr. became the new Chairman of the BSP, while Fe B. Barin remained at the SEC. Meanwhile, Melchor H. Quilala continued to lead the IC.

2018-2022: New Leadership

The AMLC continued to evolve under the leadership of Atty. Mel Georgie B. Racela, who took over as Chairman of the IC. The BSP was led by Nestor A. Espenilla, while the SEC was headed by Emilio B. Aquino.

Present Day

The Anti-Money Laundering Council is currently headed by Atty. Matthew M. David, who took over as Chairman of the IC in 2022. The BSP is led by Felipe S. Medalla, while the SEC is headed by Wilfredo G. Monroy. The AMLC continues to play a crucial role in combating money laundering and terrorist financing in the country.

Organization Structure

The Anti-Money Laundering Council is organized into several departments, including:

  • Detection and Prevention Department (DPD)
  • Investigation and Enforcement Department (IED)
  • Administrative and Financial Services Group (AFSG)

Laws and Rules

Several laws and rules govern the AMLC’s activities, including:

  • Republic Act No. 9160, as amended
  • Its implementing rules and regulations
  • Other laws and regulations related to money laundering and terrorist financing

For more information on the Anti-Money Laundering Council, visit their official website at [website URL]. You can also find relevant laws and regulations at the following links:

  • Republic Act No. 9160 (2001)
  • Republic Act No. 9194 (2003)
  • Republic Act No. 10167 (2012)
  • Republic Act No. 10365 (2013)
  • Republic Act No. 10927 (2017)