12th Congress
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12 th Congress RA 9160 During the 12 th Congress various bills were filed for strengthening the Anti-Money Laundering in the Philippines such as: House Bill No. 39 which was filed by Rep. Jose C. Devenecia of 4 th District of Pangasinan entitled “An Act To Prevent, Detect, Prosecute and Punish Money Laundering and the Use of Business Facilities in the Philippines in Money Laundering.” House Bill No. 282 was filed by Rep. Herminio G. Teves of 3 rd District of Negros Oriental entitled “An Act Authorizing Bangko Sentral Ng Pilipinas (BSP) and Philippine Deposit Insurance Company (PDIC) to Look Into Deposits of any Banking Institution to Prevent, Detect, Prosecute the Filipino Depositors from any Illegal Banking Activities which Lead to the Closure of Banks thereby Amending Republic Act 1405.” House Bill No. 817 was filed by Rep. Carlos O. Cojuangco of 4 th District of Negros Occidental entitled “An Act to Prevent, Detect, Prosecute and Punish Money Laundering and the Use of Facilities in the Philippines.” House Bill No. 1319 was filed by Rep. Francisco S. Perez II, 2 nd District of Batangas entitled “An Act Defining and Punishing Money Laundering and Providing for Appropriate Mechanism for its Detection, Prevention and Prosecution, Including the Creation of the National Anti-Money Laundering Board, Defining the Powers and Functions thereof and Appropriating Funds Therefor” House Bill No. 1425 was filed by Rep. Augusto Boboy Syjuco Jr. L. of 2 nd District of Iloilo entitled “An Act Defining and Punishing Money Laundering and Providing for Appropriate Mechanisms for its Detection, Prevention and Prosecution, Including the Creation of the National Anti-Money Laundering
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Transcript of 12th Congress
12th Congress
RA 9160During the 12th Congress various bills were filed for strengthening the Anti-Money Laundering in the Philippines such as: House Bill No. 39 which was filed by Rep. Jose C. Devenecia of 4th District of Pangasinan entitled An Act To Prevent, Detect, Prosecute and Punish Money Laundering and the Use of Business Facilities in the Philippines in Money Laundering.
House Bill No. 282 was filed by Rep. Herminio G. Teves of 3rd District of Negros Oriental entitled An Act Authorizing Bangko Sentral Ng Pilipinas (BSP) and Philippine Deposit Insurance Company (PDIC) to Look Into Deposits of any Banking Institution to Prevent, Detect, Prosecute the Filipino Depositors from any Illegal Banking Activities which Lead to the Closure of Banks thereby Amending Republic Act 1405.
House Bill No. 817 was filed by Rep. Carlos O. Cojuangco of 4th District of Negros Occidental entitled An Act to Prevent, Detect, Prosecute and Punish Money Laundering and the Use of Facilities in the Philippines.
House Bill No. 1319 was filed by Rep. Francisco S. Perez II, 2nd District of Batangas entitled An Act Defining and Punishing Money Laundering and Providing for Appropriate Mechanism for its Detection, Prevention and Prosecution, Including the Creation of the National Anti-Money Laundering Board, Defining the Powers and Functions thereof and Appropriating Funds Therefor
House Bill No. 1425 was filed by Rep. Augusto Boboy Syjuco Jr. L. of 2nd District of Iloilo entitled An Act Defining and Punishing Money Laundering and Providing for Appropriate Mechanisms for its Detection, Prevention and Prosecution, Including the Creation of the National Anti-Money Laundering Board, Defining The Powers and Functions Thereof and Appropriating Funds Therefor.
House Bill No. 1543 was filed by Rep. Harlin Cast. Abayon of 1st District of Northern Samar entitled An Act Penalizing the Laundering of Monetary Instruments, Authorizing the Examination of Bank Records.
House Bill No. 1832 was filed by Reps. Jaime C. Lopez of 2nd District of Manila, Jose C. De Venecia Jr. of 4th District of Pangasinan and Rodolfo B. Albano Jr. of 1st District of Isabela entitled An Act Defining And Punishing Money Laundering And Providing For Appropriate Mechanisms For Its Detection, Prevention And Prosecution, Including The Creation Of The National Anti-Money Laundering Board, Defining The Powers And Functions Thereof And Appropriating Funds Therefor.
House Bill No. 1903 was filed by Rep. Narciso D. Monfort of 4th District of Iloilo entitled An Act Preventing and Penalizing Money Laundering and Establishing the Anti-Money Laundering Advisory Group
House Bill No. 2147 was filed by Rep. Magtanggol T. Gunigundo I of 2nd District of Valenzuela City entitled An Act Penalizing the Laundering of Monetary Instruments, Authorizing the Examination of Bank Records, Creation of the Financial Transactions and Reports Analysis Center of the Philippines.
House Resolution No. 9 was filed by Rep. Rafael P. Nantes of 1st District of Quezon entitled Resolution Urging Immediate Adoption of an Appropriate Anti-Money Laundering Bill
However, House Bill No. 3083 with Committee Report No. 007 was passed in consolidation of the following House Bill Nos: 39, 282, 817, 1319, 1425, 1543, 1832, 1903 and 2147 authored by Reps: Jaime C. Lopez of 2nd District of Manila, Oscar S. Moreno of 1st District of Misamis Oriental and Marcelino C. Libanan of Lone District of Eastern Samar entitled An Act Defining And Punishing Money Laundering, Providing For Appropriate Mechanisms For Its Detection, Prevention And Prosecution And Creating The Anti-Money Laundering Task Force, Defining Its Power And Functions, And For Other Purposes
Committee meetings were held on August 22, 28, 29, 30, 2001 and September 4, 11, 12, 17, 2001.
On September 24, 2001, Rep. Jaime C. Lopez of 2nd District of Manila delivered his sponsorship speech. On the following day, Reps. Marcelo C. Libanan of Lone District of Eastern Samar, Oscar S. Moreno of 1st District Misamis Oriental and Felix Alfelor of 4th District of Camarines Sur delived their sponsorship speeches on the Anti-Money Laundering Bill.
