The House Banking and Financial Intermediaries panel is racing against time to pass a bill that seeks to amend the Anti Money Laundering law to allow casino transactions to be scrutinized by the Anti Money Laundering Council (AMLC), a House leader said Friday.

Rep. Ben Evardone of Eastern Samar, Chairman of the House Banking and Financial Intermediaries panel, said that the Financial Action Task Force (FATF) has set a July deadline for the Philippines to comply with the international standard that transactions in casinos should be covered by the AMLC.

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