BIR, AMLC team up in fight vs. tax evasion, money laundering
BIR, AMLC team up in fight vs. tax evasion, money laundering
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NewsTranscript
00:00The Bureau of Internal Revenue, or BIR, and the Anti-Money Laundering Council, or AMLAC,
00:05have solidified their partnership to strengthen their efforts in combating tax evasion
00:10and money laundering. BIR Commissioner Romeo Lamaghi Jr. emphasized the increasing sophistication
00:18of tax evasion ways used by individuals and businesses to avoid paying taxes and conceal
00:24illicit wealth. He added the collaboration between the BIR and the AMLAC will facilitate
00:30future probes into tax evasion and money laundering.