Cassandra Ong is cleared in this Bamban money laundering case, but she is sued for trafficking in the Porac case
This is AI generated summarization, which may have errors. For context, always refer to the full article.
A panel of prosecutors recommended 26 counts of Section 4 of the Anti-Money Laundering Act or transacting money or property; five counts of Section 4 or converting, transfering, disposing of, moving, acquiring, possessing or using money or property; and 31 counts of Section 4 or attempting to conspire to commit money laundering. The complaints under Section 4 or concealing the true nature of money or property were dismissed.
Prosecutors highlighted Guo’s act of purchasing the parcels of land, and then ensuring the operational expenses of the buildings that were eventually constructed were paid. The theory of operatives is that money flows through these scam farms using cryptocurrency, or other illicit underground models.
Central Luzon Department Of Justice Human Trafficking Money Laundering Pogos Tarlac Philippine News National News
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Bamban POGO exec nabbed; Court denies Guo’s bail petitionThe long arm of the law finally caught up with the alleged finance officer of the Philippine Offshore Gaming Operator (POGO) hub in Bamban, Tarlac after a
Read more »
HEADLINES: Alice Guo bail petition denied | December 21, 2024Good day. Here are the stories for The Manila Times for Saturday, December 21, 2024.
Read more »
Court Denies Bail Petition of Dismissed Mayor Alice Guo in Trafficking CaseA Pasig court has denied the bail petition of former Bamban, Tarlac mayor Alice Guo in her qualified trafficking case, citing strong evidence presented by the prosecution. Guo is currently detained and has pleaded not guilty to the charges.
Read more »
DOJ hails court denial of bail for Alice Guo, others charged in POGO messThe Department of Justice (DOJ) welcomed the Pasig City regional trial court's decision to deny dismissed Bamban, Tarlac Mayor Alice Guo’s petition for
Read more »
NBI files falsification, violations of Anti-Dummy Law raps vs Alice Guo, familyLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Senator Gatchalian to Probe Local Banks' Role in Alleged POGO Money LaunderingSenator Sherwin Gatchalian plans to investigate local banks for their alleged negligence in detecting and reporting money laundering activities linked to Philippine Offshore Gaming Operators (POGOs). He cites the case of dismissed Bamban, Tarlac Mayor Alice Guo, who was allegedly involved in money laundering operations. Gatchalian questions how P7 billion was deposited without detection by the Anti-Money Laundering Council (AMLC) and why banks didn't flag suspicious transactions.
Read more »