No Dirty Money from OFWs Yet — Watchdog
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MANILA - Dirty or money by casting in the country, such as the Philippine anti-money laundering unit did not participate nor Filipino workers overseas, including the Director General said. Of the 18269 suspicious transactions to the Anti-Money Laundering Council marked in the past six years, in late 2007, none of them are formal and informal with the victory through OFWs, data on AMLC. “For the moment, Filipino remitters were consistent with money laundering, AMLC Vicente Aquino said. Aquino spoke with the OFW Journalism Consortium American court condemns a man who has accepted the transfer of about US $ 15 million in bank accounts in the possession or under the control of the co-conspirators in the Philippines. It was part of a fine of $ 20 million to the burden of regulation Export-Import Bank of the United States. The statement by the 1st March, Assistant Attorney General Alice S. Fisher and the Criminal Division US Attorney Jeffrey A. Taylor, the District of Columbia does not explain how the money was sent to over Philippine bank accounts. With transfers pumping stations Philippine consumption, monitoring their cash flow is very important, as an economic instrument credible. Remittance flows to the Philippines is the third largest in the world, according to the recent ranking by the World Bank. If it proves to be irregular AMLC, an indicator Suspicious Transaction Report (STR). But none of these STRs to Filipinos overseas “transfers were marked Aquino added. “You do not depreciate Record” with the AMLC, said Aquino. STRs in the banking and non-banking financial institutions number 15469, AMLC revealed. Government-sourced STRs 2679 number, insurance number of STRs 91, and STRs in securities, to 30. All these STRs encompass a total of nearly 104 million transactions revealed AMLC. Aquino, said the AMLC had frozen a total of almost P406 million in funds by banks and insurance companies operating income. Some P272 million total in Philippine pesos. Meanwhile, the peso equivalent to that for other currencies are P125.48 million for the operations P1.6 million transactions for the Japanese yen, P7.8 million Hong Kong dollars for transactions, and P60, 596 euros for transactions. Vigilance AQUINO of the fault, despite the record OFWs to these transactions, which remains the monitoring AMLC transfers. This is not an easy task, given that banks are no longer the monopoly of the platform for the transfer of money. |