Anti-Money Laundering Act of 2001, Republic Act No. 9160 (Philippines)

The Anti-Money Laundering Act (AMLA) defines money laundering as a crime, whereby the proceeds of an unlawful activity are transacted making them appear to have originated from legitimate sources. It provides for the prosecution of money laundering and established the Anti-Money Laundering Council (AMLC) which is mandated to implement the provisions of the AMLA. The AMLA recognizes the principle of mutuality and reciprocity, and allows the AMLC to execute a request for assistance by a foreign state in the investigation or prosecution of a money laundering offense. Similarly, the AMLC may make a request to any foreign State for assistance in the investigation or prosecution of a money laundering offense.