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Politics

AMLC SHOULD ACT FAST ON LARGE AMOUNT OF MONEY BROUGHT INTO PH – GORDON

Senator Dick Gordon, Chairman of the Senate Blue Ribbon Committee, slammed the Anti-Money Laundering Council (AMLC) for not acting promptly on the Bureau of Customs’ (BoC) report that a certain individual was caught for non-declaration of $700,000 money in cash in 2019. Gordon stressed that since the BoC has already notified AMLC, the latter should […]

Categories
Politics

MONEY LAUNDERING ISSUES ARISE FROM POGO – GORDON

Senator Dick Gordon has revealed information that link Philippine Offshore Gaming Operators (POGO) now operating in the country to money laundering activities. Gordon pointed out that inordinate and suspiciously large amount of foreign currency–$470-million brought in by 47 individuals from September 2019 to February 2020 alone — without being flagged is an apparent money laundering […]