A ruling by the Supreme Court of the Philippines may put the country back on an international blacklist for money laundering compliance failures, according to various news reports. The court ruled last month that the country's financial intelligence unit-the Anti-Money Laundering Council (AMLC)-could not review bank accounts without notifying the financial institution or client involved, according to a report by Quezon City, Philippines-based media company GMA News. The council had been looking into accounts held by the nation's former transportation secretary and the chief executive officer of one of the Philippines's largest air terminal companies, the report said. Filipino Solicitor...
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