00:00The Anti-Money Laundering Council is taking action against the banks that were involved in the case of Alice Guo. Here is the report.
00:15The Anti-Money Laundering Council joined the continuation of the budget deliberations in the Senate.
00:20Some Senators said that AMLOC became an instrument in the case of former Mayor Alice Guo.
00:26But some Senators noticed something.
00:29But in our hearings, it came out that even if our law is strict on money laundering,
00:36it seems that the banks do not comply with the reportorial requirements to flag illegal activities.
00:44The budget sponsor, Senator Grace Poe, said that AMLOC is currently in the process of doing something.
00:51The AMLOC opened the enforcement action proceedings against those banks involved in Alice Guo's case
00:58to determine if they have violated the requirement under AMLOC.
01:02And should the AMLC find that they indeed violated the said requirement,
01:07the AMLC will file formal charges against said banks.
01:13The Senator also added that AMLOC needs support for their Artificial Intelligence Project,
01:19as well as their other important programs.
01:22Through the AI Project, it will help to evaluate the so-called transaction reports that they receive.
01:31Of course, if it's manual, it's very difficult to know how many transactions are there in the bank.
01:37So even if you have a threshold, there are still thousands of them.
01:41The Judiciary Budget also contributed to the deliberation.
01:44Here, Senate President Pro Tempore Gingoy Estrada asked the unresolved cases.
01:51May I know how many unresolved cases have been...
01:54How many cases does the Sandigan Bayan, Court of Appeals, and Court of Tax Appeals...
02:01How many unresolved cases are there?
02:03For the Supreme Court, there are 14,756.
02:08Court of Appeals, 26,000.
02:11Court of Tax Appeals, 1,500.
02:15For the Regional Trial Courts, 362,000.
02:19Nationwide?
02:20Nationwide.
02:21Sharia, 298.
02:22Family Courts, 64,000.
02:24Metropolitan Trial Courts...
02:26I'm just rounding this off.
02:27Yes, yes.
02:28Metropolitan Trial Courts, 40,000.
02:31Municipal Trial Courts, 69,000.
02:36Municipal Trial Courts in cities, 69,000.
02:41Municipal Trial Courts, 28,000.
02:45Municipal Circuit Trial Courts, 29,000.
02:49And Sharia Courts, 1,368.
02:52Senators will continue the deliberation for the 2025 budget.
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