‘Why Mention Trillanes?’ Divinagracia Challenges Vinluan During Witness Questioning | N18G
moneycontrol
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An official from the Anti-Money Laundering Council testified during a legal hearing regarding the nature of Suspicious Transaction Reports and Covered Transaction Reports. The witness clarified under cross-examination that an STR is a statutory compliance requirement rather than a legal determination of illegal activity or money laundering, noting that rulings on illegality remain solely within the jurisdiction of the courts. The official stated that the agency cannot confirm alleged links between reported transactions and matters such as public works flood control projects, narcotics importation, or malversation of public funds without conducting further analysis and investigation. The witness confirmed having no personal knowledge regarding the specific incomes, corporate shareholdings, or Statement of Assets, Liabilities, and Net Worth of Vice President Sara Duterte and Attorney Mans Carpio. The official emphasized that tabular summaries generated by the agency reflect only reported transactions and do not constitute conclusive proof of actual cash on hand, bank balances, or unexplained wealth. Furthermore, third-party requests to access council databases are subject to strict evaluation and are generally denied under agency guidelines.
#AMLC #AntiMoneyLaundering #SaraDuterte #LegalNews #PhilippineNews #FinancialCrime #CourtHearing #STR #CTR #FinancialRegulation #DueProcess #MoneyLaundering #BangkoSentral #LegalUpdate #JudicialProceedings #ComplianceReporting #FinancialIntelligence #PublicFunds #Governance #CourtTestimony
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‘Why Mention Trillanes?’ Divinagracia Challenges Vinluan During Witness Questioning | N18G
moneycontrol
29,477 views
An official from the Anti-Money Laundering Council testified during a legal hearing regarding the nature of Suspicious Transaction Reports and Covered Transaction Reports. The witness clarified under cross-examination that an STR is a statutory compliance requirement rather than a legal determination of illegal activity or money laundering, noting that rulings on illegality remain solely within the jurisdiction of the courts. The official stated that the agency cannot confirm alleged links between reported transactions and matters such as public works flood control projects, narcotics importation, or malversation of public funds without conducting further analysis and investigation. The witness confirmed having no personal knowledge regarding the specific incomes, corporate shareholdings, or Statement of Assets, Liabilities, and Net Worth of Vice President Sara Duterte and Attorney Mans Carpio. The official emphasized that tabular summaries generated by the agency reflect only reported transactions and do not constitute conclusive proof of actual cash on hand, bank balances, or unexplained wealth. Furthermore, third-party requests to access council databases are subject to strict evaluation and are generally denied under agency guidelines.
#AMLC #AntiMoneyLaundering #SaraDuterte #LegalNews #PhilippineNews #FinancialCrime #CourtHearing #STR #CTR #FinancialRegulation #DueProcess #MoneyLaundering #BangkoSentral #LegalUpdate #JudicialProceedings #ComplianceReporting #FinancialIntelligence #PublicFunds #Governance #CourtTestimony
Moneycontrol is India’s leading financial portal, offering market news, expert analysis, and powerful tools.
A part of Network18, moneycontrol.com is India’s most trusted destination for financial and business news.
#live #livenews #latestnews #topnews #moneycontrol #moneycontrollive #businessnews #businessnewslive #stockmarket #stockmarket #sharemarketnews #stockmarketliveupdates
Subscribe: https://bit.ly/moneycontrolyoutube
Follow us:
Visit https://www.moneycontrol.com/
Facebook: /moneycontrol
Twitter: /moneycontrolcom
Instagram: /moneycontrolcom