AMLC Executive Director Resigns

President Rodrigo Duterte’s complaints and tirades against the Anti Money Laundering Council claimed a significant scalp after Julia Bacay-Abad, the executive director of the AMLC, tendered her resignation. The AMLC’s chairman, BSP Governor Amando Tetangco, who is slated to retire in July, was the one who handpicked Abad in 2013. Morale in the agency is said to be low, as administration officials apply pressure for the release of details…

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