Politics · Philippines Bureau
AMLC official testifies on large Duterte bank transactions in impeachment trial
An Anti-Money Laundering Council executive disclosed during Vice President Sara Duterte's impeachment proceedings that a financial institution reported multiple transactions exceeding P9 million each linked to the vice president. The testimony centered on covered transaction reports examined as evidence in the ongoing trial.
LSN Philippines ·
MANILA — The Anti-Money Laundering Council's Secretariat Executive Director Ronel Buenaventura provided testimony in Vice President Sara Duterte's impeachment trial on Tuesday, revealing that a bank had reported significant financial transactions involving the vice president dating back to 2011 and 2013.
Buenaventura disclosed the transaction figures while responding to questions from private prosecutor Mae Divinagracia, who presented covered transaction reports (CTRs) as evidence during the proceedings. Each of the reported transactions exceeded P9 million, according to the official's testimony.
The covered transaction reports form part of the documentary evidence being examined in the vice president's impeachment case. The AMLC, which serves as the Philippines' financial intelligence unit, maintains records of significant financial movements reported by banks and other financial institutions as part of anti-money laundering compliance procedures.
The testimony marks a significant moment in the impeachment trial, which has drawn considerable public and political attention since its commencement. The case continues to unfold with additional witnesses and evidence being presented to the impeachment court.