SENATOR Imee Marcos has warned that Filipinos here and abroad will face difficulties in their financial transactions if an international monitor decides this month that the country has not done enough to curb money laundering.
Marcos, who chairs the Senate committee on economic affairs, said lawmakers must heed President Duterte’s call over the weekend to amend the country’s Anti-Money Laundering Act (AMLA) at once, as the Paris-based Financial Action Task Force (FATF) completes its review of the Philippines this October after a one-year observation period.