THE PHILIPPINES PUSHES AHEAD WITH AML CONTROLS, AS DUTERTE CONTINUES VIOLENT ANTI-DRUG CRUSADE
January 1st, 2018
It is no secret that sources of illegal proceeds of crime are manifold in the Philippines – witness President Rodrigo Duterte’s notorious campaign of state-sponsored killings, aimed at what he has claimed is an active industry of selling and trafficking illegal narcotics.
But according to the US Department of State’s 2017 International Narcotics Control Strategy Report (INCSR), dirty money flows are far more widespread than the drug trade. Criminal groups use the Philippines' banking system, commercial enterprises, and particularly casinos, to transfer ...
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