PhilHealth, AMLC team up to detect, probe, sue for money laundering acts

The Philippine Health Insurance Corp. (PhilHealth) and  the Anti-Money Laundering Council (AMLC) have entered into a partnership to boost efforts in combatting money laundering and terrorism financing.

PhilHealth president and CEO Dante Gierran and AMLC Executive Director Mel Georgie Racela signed the memorandum in Pasig City, the state health insurer said in a statement on Thursday.

Under the agreement, PhilHealth and AMLC formalized their joint undertaking to “promote and encourage cooperation and coordination to effectively prevent, control, detect, investigate and prosecute unlawful and money laundering activities as well as terrorism financing.”

Likewise, the partnership also “endeavors to cooperate in the areas of information exchange in accordance with the Data Privacy Act of 2012, and capacity building measures to enhance the capability of both parties in addressing money laundering, terrorism financing and unlawful activities in the country.”

For PhilHealth, the state insurer said the pact with AMLC will help it to obtain needed “financial information in relation to any violation of laws that the PhilHealth is tasked to implement which would give rise to the commission of any unlawful activity under Section 3(i) of the Anti- Money Laundering Act of 2001, as amended, and money laundering activities….” —LBG, GMA News