Senators want AMLC personnel stationed in casinos to stop money laundering

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The Anti-Money Laundering Council or AMLC says it is considering assigning personnel to casinos after reports that public works officials launder billions of pesos in these establishments.  Full story: https://www.rappler.com/business/senators-want-amlc-personnel-casinos-money-laundering/

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00:00The Anti-Money Laundering Council, or AMLC, says it is considering assigning personnel

00:06to casinos after reports that public works officials launder billions of pesos in these

00:10establishments. During a Senate budget hearing on September 15, AMLC Executive Director Matthew

00:16David admits they have no staff inside casinos. Although the law doesn't require the AMLC to post

00:22personnel in such places, David says they will consider the senator's suggestions.

00:27Casinos are required to report transactions worth 5 million pesos or more under the country's

00:32Anti-Money Laundering Law, but David admits that the AMLC can't check all these reports because

00:37there are too many. The issue came up after Senator Ping Lakson said three former public

00:41works officials tied to anomalous flood control projects lost 950 million pesos in gambling between

00:472023 and 2025.

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