Politics · Philippines Bureau
Joint Duterte accounts processed P193M in single day: AMLC
Anti-Money Laundering Council documents presented during Vice President Sara Duterte's impeachment trial reveal that joint accounts held by her and former President Rodrigo Duterte conducted P193 million in transactions within a 24-hour period in March 2014.
LSN Philippines ·
MANILA — The impeachment trial of Vice President Sara Duterte heard testimony regarding significant financial activity involving joint accounts she shared with her father, former President Rodrigo Duterte, according to Anti-Money Laundering Council (AMLC) records.
AMLC Executive Director Ronel Buenaventura presented documents as evidence during the resumed proceedings, detailing that the accounts processed P193 million in unique bank transactions on a single day in March 2014. The scale of the daily activity drew attention from lawmakers examining the vice president's financial dealings.
The AMLC, the Philippines' independent financial intelligence unit tasked with combating money laundering and terrorist financing, maintains records of significant financial transactions that exceed reporting thresholds. The presentation of these historical records marked a notable development in the ongoing impeachment inquiry.
The trial continues to examine various aspects of the vice president's finances and activities, with the AMLC documentation providing specific transaction data from the accounts in question.