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The document discusses amendments made to the Anti-Money Laundering Act (AMLA) through the passage of Republic Act No. 10167 in 2012. Key changes included allowing the AMLC to petition ex parte for freeze orders and bank inquiries. For freeze orders, the Court of Appeals must now act within 24 hours and freeze periods were extended up to 6 months. Bank inquiries can now investigate related accounts and exceptions where court orders are not required were expanded. The amendments strengthened Philippines

Author

chitru_chichru

Language

EN