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Deputy Speakers Ferjenel Biron and David “Jay-Jay” Suarez question Atty. Ronel Buenaventura, Executive Director of the Anti-Money Laundering Council (AMLC), on the processes behind Vice President Sara Duterte’s bank transactions.

Biron raises concerns about the credit memo transactions and the possibility that multiple bank accounts were involved. Suarez, meanwhile, points out that Duterte’s bank transactions appear to exceed her declared assets in her SALN.


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00:00Madam Chair, before we proceed.
00:01With the indulgence of the Honorable Ridon, may we recognize Honorable D.S. Biron.
00:06Thank you, Madam Chair. Just a quick clarification to our ED.
00:10Nakita natin that the bulk of the inflows came from credit memo.
00:16Is that correct to say, ED, that this credit memo amounting to 1.4 billion
00:22came from an existing account directly deposited to the account of VP Sara?
00:31That we cannot confirm at the moment.
00:33We have to verify that specific transactions.
00:37And if the verification proves that it came from an existing account,
00:42deposited directly to the account,
00:44would you be able to tell us or reveal to us
00:49kung isang account ito, dalawang account, or it came from a common account?
00:55Is that possible?
00:58We can check Madam Chair.
01:01Okay. Thank you, Madam Chair.
01:03Thank you, Honorable D.S. Biron.
01:05Ma'am, Madam Chair, point of clarification.
01:06The Honorable D.S. J.J. Suarez.
01:10Ma'am, para lang po maunawaan ko po yung proseso ng pagre-report.
01:16Ito pong mga tinatalakay na covered or suspicious transactions,
01:21ito po ay inire-report sa inyo ng banko o AMLOC ang nagpa-flag nito.
01:26Paano po ba ang sistema?
01:28Banko po ang nagre-report nito sa E-MNC.
01:31So, therefore, the bank determines kung ano yung mga considered na flag, suspicious,
01:37tapos nire-report sa inyo.
01:39Tama po.
01:40Okay.
01:41Mahalaga po kasing malaman yun, Madam Chair,
01:44kasi upang maunawaan natin na yung banko mismo,
01:49ang nagpapadala ng report nito sa AMLOC.
01:52And it's not AMLOC looking into the specific accounts of these individuals.
01:57Am I right to state that, Madam Chair?
02:00Tama po yun.
02:02Okay.
02:03So, sa madaling salita, para mas maunawaan po ng tao,
02:08hindi po iniimbestigahan ng AMLOC yung mga specific na bank accounts.
02:14Yung mismong report, ang pinagagalingan po nito ay yung banko mismo.
02:19Sila ang nagre-report sa AMLOC.
02:21At ang nakakapagtaka po, Madam Chair, para yatang hindi nagtutugma yung kwento sa kwenta.
02:30Kaya, dahil sa SAL-EN kanina na binabanggit po ng ating kasamahan na si Congressman Terry Redon,
02:38may mga sinabi na may cash on hand,
02:42kaso lang, base sa pasok at labas ng pera,
02:45mas malaki po yung nai-report ng AMLOC at na mga banko sa AMLOC
02:51kaysa sa dun sa lumalabas sa SAL-EN.
02:54So, pwede ko rin po bang masabi, Madam Chair, na maaaring AMLOC na hindi pa kumpleto ang report?
03:04Kasi ang sabi niyo po, banko lang po nagre-report sa inyo.
03:08So, there may be other transactions that may have not been reported to you
03:13because they may have thought that those were not suspicious, neither were they flagged.
03:18Am I right to assume that?
03:21Tama po, because ang nire-report na po ng banko sa AMLOC, AMLOC,
03:27ay halimbawa yung mahigit 500,000 or conspicuous.
03:31Kung hindi po mahigit sa 500,000 yan, hindi po i-report sa AMLOC.
03:35So, maaari po, or maaari rin wala, na meron transaction na mas mababa pa sa 500,000
03:41na hindi na po na i-report sa amin.
03:43Di maaari rin pong sabihin na pwede pang lumobot itong numero na ito.
03:48Kung mas lalong bubusisiin at titignan.
03:51Dahil maaaring hindi na-flag ng banking institution yung specific na transaction,
03:56dahil sa pananaw nila, hindi ito suspicious o covered ng kanilang criteria.
04:04Tama po ba yun, AMLOC?
04:07Hindi ko po masabi, pero theoretically, possibly po.
04:11Maraming salamat po.
04:11Thank you very much, Madam Chair.
04:26Thank you very much.
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