The Daily Tribune
Lacson vows boosting AMLC’s ‘crumb-sized’ 2026 budget
Senate President Pro Tempore Panfilo "Ping" M. Lacson has pledged to help augment the "crumb-sized" budget of the Anti-Money Laundering Council (AMLC) and other key regulatory bodies for 2026.
Lacson expressed frustration over the meager funding allocated in the National Expenditure Program (NEP), noting the AMLC's proposed P333.1 million budget was slashed to P170.161 million.
The AMLC has formally requested senators to restore P162.9 million of the slashed budget, including P23 million for intelligence funds.
Specific cuts affecting AMLC operations include a reduction in funding for cybersecurity and database maintenance, and for the program prosecuting money laundering and terrorist financing cases.
AMLC executive director Matthew David stated that the additional funding is crucial for sustaining operations, including inter-agency collaboration and prosecution efforts.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Anti-Money Laundering Council (AMLC) is investigating Department of Public Works and Highways (DPWH) officials suspected of using casinos to launder billions of pesos in public funds, particularly from anomalous flood control projects.
Read more →
Following a request from the Department of Public Works and Highways (DPWH), the Anti-Money Laundering Council (AMLC) and the Bangko Sentral ng Pilipinas (BSP) have moved to freeze assets of officials and contractors implicated in alleged flood-control project anomalies.
+1
Read more →
The Anti-Money Laundering Council (AMLC) assures that the Philippines faces no risk of returning to the Financial Action Task Force (FATF) gray list, despite ongoing corruption allegations involving infrastructure projects.
Read more →
Various groups, including students and religious leaders, are organizing nationwide protests against corruption on September 21.
+4
Read more →
The Department of Education (DepEd) is requesting a record P928.52 billion for its 2026 national budget, with a focus on addressing classroom shortages, child hunger, and resource gaps.
+2
Read more →