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Philippines Awash in Laundered Money

Philippines Awash in Laundered Money

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Asia Sentinel
May 30, 2019
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Asia Sentinel
Asia Sentinel
Philippines Awash in Laundered Money
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The equivalent of US$342.3 billion of laundered money washed through the Philippine banking system between January 2013 and December 2017, according to an estimate by the country’s Anti-Money Laundering Council in a report issued last week. That is more than the country’s entire gross national product for 2017, at US$303 billion.

The country has become t…

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