Press Release
September 19, 2016

Bam asks AMLC to investigate flow of drug money in PH

As part of the government's intensified campaign against illegal drugs, Sen. Bam Aquino called on the Anti-Money Laundering Council (AMLC) to assign financial investigators to investigate the flow of drug money within the country.

"The thrust of the government now is on the drug menace. Let's have financial investigators examine how drug money flows in the country," Sen. Bam told officials of the AMLC during the hearing of the Committee on Banks regarding the proposed amendments to the Anti-Money Laundering Act.

Apart from physical enforcement, Sen. Bam said countries like the United States also conducts financial investigations on drug personalities.

These investigations provide tangible evidence against high profile criminals and drug lords, aiding in their conviction.

Sen. Bam urged AMLC officials to request for additional budget for the hiring of financial investigators for the drug war.

"As we enter the budget season, this is the time for AMLC to increase the number of investigators to help address the problem," said Sen. Bam.

According to the AMLC, they are planning to hire additional 20 financial investigators to beef up its current pool of probers who are looking into more than 30,000 suspicious and questionable transactions.

Of this, the AMLC said around 30 cases have been filed in courts against those behind these illegal transactions.

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