Philippines must pass anti-money laundering bill

PHILIPPINES - The Philippine government said today, Monday 17 September, the terrorist attacks in the U.S. make it more urgent for an anti-money laundering bill to be passed in the coming weeks to avoid the threat of international sanctions.

Finance Secretary Jose Camacho said the attacks put the issue of "funding terrorism" in the spotlight.

"It's more necessary to pass the bill now," he said.

The U.S., along with Japan, Germany and other industrialized powers, have warned the Philippines that