A proposed bill amending the Anti-Money Laundering Act will set P5 million as the threshold for a single casino transaction, a congressional leader said on Sunday.

Rep. Ben Evardone of Eastern Samar, chairman of the House Committee on Banks and Financial Intermediaries, made the clarification in connection with the approval of House Bill (HB) 5663.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details