Politics · Philippines Bureau
AMLC Reports Show 4.4 Billion Pesos in Duterte-Carpio Transactions
Financial regulators presented evidence of 666 covered and 55 suspicious transactions linked to Vice President Sara Duterte and her husband during her impeachment trial. The transactions totaled P4.4 billion.
LSN Philippines ·
MANILA — The Anti-Money Laundering Council (AMLC) submitted detailed transaction records to the court on Monday involving Vice President Sara Duterte and her spouse Manases Carpio, a lawyer. The submission included 666 covered transaction reports (CTRs) and 55 suspicious transaction reports (STRs), according to a tabular summary presented during Duterte's impeachment proceedings.
The combined value of transactions documented by the financial intelligence unit reached P4.4 billion. Covered transaction reports are standard disclosures made by banks and financial institutions for deposits exceeding legal thresholds, while suspicious transaction reports flag activities that banks believe warrant closer scrutiny by authorities.
The AMLC presentation marked a significant development in the impeachment case, providing lawmakers with financial documentation as they examine allegations against the Vice President. The agency's executive officials delivered the data before the court, which is reviewing the charges filed against Duterte.
The introduction of AMLC records into the trial underscores the financial dimension of the proceedings. Both the prosecution and defense are expected to present interpretations of the transaction data as the case continues.