PDIC, AMLC to share info on suspicious deposits, transactions

  The two agencies said their pact will boost their capabilities and efforts to enforce  Republic Act No. 9106 or the Anti-Money Laundering Act of 2001.   “The agreement will aid PDIC in prosecuting and bringing to justice violators of the laws covering bank deposits and to recover assets rightfully belonging to depositors,” PDIC president Valentin Araneta said.   “Under the MOA, either PDIC or AMLC may seek the assistance of one another… in conducting further investigation to prosecute offenders of the AMLA and its predicate crimes, as well as fraud, irregularities and anomalies committed in banks. PDIC may also request information on suspicious transactions of a closed bank,” Araneta also said. — ELR, GMA News