The Council of Europe Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism concludes its evaluation visit to the Vatican.
The Anti-Money Laundering Council on Thursday revealed that the majority of financial transactions linked to online sexual exploitation it detected directly involved Filipino families and victims who use the money to subsist on.
LOOK: House Committee on Public Accounts Chairman Rep. Mike Defensor says the following Philhealth officials have signed a waiver for the Anti Money Laundering Council to look into their bank accounts and transactions. | via @victoriatulad
The Philippines has become a destination of money generated from criminal activities and the "dirty cash" has been circulating in the financial system, according to a study released by the Anti-Money Laundering Council Secretariat.
JUST IN: Ombudsman confirms that fact-finding investigations on President Rodrigo Duterte's alleged ill-gotten wealth have been "closed and terminated" after the Anti-Money Laundering Council "declined to provide a report or confirmation on the requested vital data." |