Course Duration: 13 minutes
Course Points: 10
The 2nd National Risk Assessment (NRA) of Philippines found that the level of national money laundering threat is high, arising from the predicate crimes of drug trafficking, graft and corruption, fraud, tax crimes, smugglings, Intellectual Property violations, illegal manufacturing and possession of firearms, ammunition and explosives, and environmental crimes. Atty. Mel Georgie B. Racela, Executive Director, Anti-Money Laundering Council Secretariat talked about the NRA’s findings, coupled with risk mitigation AML/CTF strategies and initiatives.
This presentation was part of the AMLC-Fintelekt AML/CTF Summit Philippines 2020, conducted virtually from November 23rd – 27th, 2020.