MANILA, Nov. 27 -- Senator Panfilo Lacson has filed a bill further strengthening the Anti-Money Laundering Council (AMLC) amid complex financial crimes exposed in the investigation into the anomalous flood control projects.

Under Senate Bill 1557, which he filed on Wednesday, Lacson proposed to give the AMLC additional powers while widening the scope of covered persons and updating the list of predicate offenses to money laundering.

"Recent corruption issues have highlighted the complexities of financial crimes. Updating the AMLA to meet the requirements of the times would also prevent us from being placed in the FATF (Financial Action Task Force) Greylist again," Lacson said in his bill released on Thursday.

He noted that the Philippi...