Marcos adopts new strategy vs money laundering, terrorist and weapon financingMANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. has ordered all government agencies to adopt a new strategy on anti-money laundering and counterterrorism financing, Malacañang announced Thursday. Malacañang said the adoption of the National Anti-Money Laundering, Counter-Terrorism Financing, and Counter Proliferation Financing Strategy (NACS) 2023-2027 will enable the Philippines to improve its anti-money laundering, counter terrorism financing, and counter proliferation financing (AML/CTF/CPF) regime. The new order renamed the previous National Anti-Money Laundering and Countering the Financing of Terrorism Strategy to National Anti-Money Laundering, Counter-Terrorism Financing and Counter-Proliferation Financing Strategy. An additional sub-committee on Proliferation Financing — the use of funds to make, transfer or stockpile nuclear, chemical and biological weapons — was also created. Marcos also ordered the reorganization of the Terrorism Financing and Proliferation Sub-commitee into two separate sub-committees—the Terrorism Financing Sub-committee and the Proliferation Financing Sub-committee.
