{"id":1349452,"date":"2020-10-18T15:58:00","date_gmt":"2020-10-18T07:58:00","guid":{"rendered":"https:\/\/newsinfo.inquirer.net\/?p=1349452"},"modified":"2020-10-18T15:58:00","modified_gmt":"2020-10-18T07:58:00","slug":"house-committed-to-amend-tvelasco-house-committed-to-amend-to-anti-money-laundering-lawo-anti-money-laundering-law","status":"publish","type":"post","link":"https:\/\/newsinfo.inquirer.net\/1349452\/house-committed-to-amend-tvelasco-house-committed-to-amend-to-anti-money-laundering-lawo-anti-money-laundering-law","title":{"rendered":"Velasco: House committed to amend to anti-money laundering law"},"content":{"rendered":"<p>MANILA, Philippines \u2014 The House of Representatives is committed to amend the Anti-Money Laundering Act, Speaker Lord Allan Velasco assured Sunday.<\/p>\n<p>Velasco said the House is committed to pass House Bill No. 6174, which would address concerns with the anti-money laundering law.<\/p>\n<p>\u201cCognizant of the importance to put in place more stringent provisions in AMLA, the House will see to it that the measure which aims to curb the cost of doing financial transactions of our overseas Filipino workers and the business sector, will be approved expeditiously once plenary sessions resume next month,\u201d he said in a statement.<\/p>\n<p>Meanwhile, the proposed Financial Institutions Strategic Transfer or FIST Act, on the other hand, has been approved on third and final reading by the larger chamber last June.<\/p>\n<p>Velasco said the House assures that President Rodrigo Duterte will be able to sign the said measures into law \u201cat the soonest possible time.\u201d<\/p>\n<p>Majority Leader Martin Romualdez said the House will \u201cwork harder, smarter, and more efficiently\u201d once session resumes on Nov. 16.<\/p>\n<p>\u201cAs part of our tradition, we are going to hit the ground running to pass vital pieces of legislation,\u201d Romualdez said in a separate statement.<\/p>\n<p>House Bill No. 6174 is still pending at the committee level.<\/p>\n<h6>JE<\/h6>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, Philippines \u2014 The House of Representatives is committed to amend the Anti-Money Laundering Act, Speaker Lord Allan Velasco assured Sunday. Velasco said the House is committed to pass House Bill No. 6174, which would address concerns with the anti-money laundering law. \u201cCognizant of the importance to put in place more stringent provisions in AMLA, [&hellip;]<\/p>\n","protected":false},"author":1256,"featured_media":1347199,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,45],"tags":[224256],"byline":[211458],"source":[206075],"column":[],"editor":[169888],"videographer":[],"position":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v24.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Velasco: House committed to amend to anti-money laundering law | Inquirer 黑料社<\/title>\n<meta name=\"description\" content=\"The House of Representatives is committed to amend the Anti-Money Laundering Act, Speaker Lord Allan Velasco assured Sunday.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsinfo.inquirer.net\/1349452\/house-committed-to-amend-tvelasco-house-committed-to-amend-to-anti-money-laundering-lawo-anti-money-laundering-law\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Velasco: House committed to amend to anti-money laundering law | Inquirer 黑料社\" \/>\n<meta name=\"twitter:description\" content=\"The House of Representatives is committed to amend the Anti-Money Laundering Act, Speaker Lord Allan Velasco assured Sunday.\u00a0\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/newsinfo.inquirer.net\/files\/2020\/10\/Lord-Allan-Velasco-5.jpeg\" \/>\n<meta name=\"twitter:creator\" content=\"@inquirerdotnet\" \/>\n<meta name=\"twitter:site\" content=\"@inquirerdotnet\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta 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