PNP vows closer collaboration with AMLC vs. financial crimes

From the Philippine News Agency (Jun 2, 2023): PNP vows closer collaboration with AMLC vs. financial crimes (By Christopher Lloyd Caliwan)

AMLC executive director Mathew David (left) and PNP chief Gen. Benjamin Acorda Jr. (right) (Photo courtesy of PNP Public Information Office)

MANILA – The Philippine National Police (PNP) and the Anti-Money Laundering Council (AMLC) joined forces to boost efforts against money laundering and financial crimes in the country.

This came after PNP chief Gen. Benjamin Acorda Jr. met with AMLC officials led by executive director Mathew David in Camp Crame, Quezon City on Wednesday, where they highlighted the strong partnership and collaboration between the PNP and the AMLC in joint efforts to combat money laundering and financial crimes.

"This meeting signifies the commitment of both organizations to upholding the rule of law, preserving the integrity of the financial system, and ensuring the security of the nation," Acorda said in a news release issued on Friday.

Acorda said the PNP will continue to enhance its capabilities, improve intelligence gathering and analysis, and streamline investigative processes working closely with the AMLC as the PNP aims to identify emerging trends, share best practices, and develop targeted strategies to effectively disrupt the financial networks of criminal syndicates.

He said the PNP also encourages greater collaboration between the AMLC and local law enforcement agencies through its "Serbisyong Nagkakaisa" initiative.

“Strengthening partnerships at the grassroots level will enable the PNP to address regional and community-based financial crimes more effectively. By working hand in hand, a network of vigilant officers committed to protecting the financial system and preventing the misuse of funds for criminal purposes can be established,” said Acorda.

The AMLC has played a pivotal role in assisting PNP in dismantling criminal networks, disrupting the flow of illicit funds, and bringing the perpetrators to justice. Through collaborative operations, information sharing, and capacity-building initiatives, significant progress has been made in combatting money laundering and related offenses.

"The PNP expresses gratitude to the AMLC delegation for their presence and reaffirms their shared commitment to fighting money laundering and preserving the integrity of the financial system. With determination and unwavering dedication, the PNP and the AMLC will continue to safeguard the nation from the scourge of financial crimes," Acorda added.

https://www.pna.gov.ph/articles/1202739