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The Anti-Money Laundering Council is assessing the possible liabilities of local banks that allegedly failed to report transactions linked to the money laundering case of dismissed Bamban, Tarlac mayor Alice Guo .Senator Grace Poe divulged this during the continuation of the Senate plenary deliberations on the bill containing the proposed 2025 national budget .
"This is why we added additional funding under the Senate committee report for the artificial intelligence project of AMLC to help them evaluate the great number of suspicious transaction reports that they receive. Kasi syempre kung mano-mano 'yan, manual, 'di ba napakahirap? Daily, how many transactions are there in the bank? So even if you have a threshold there's still thousands of them," she explained.
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