Hontiveros demands AMLC action on banks linked to Alice Guo

Senate Deputy Minority Leader Risa Hontiveros questioned the Anti-Money Laundering Council (AMLC) on Monday regarding actions taken against banks linked

Senate Deputy Minority Leader Risa Hontiveros questioned the Anti-Money Laundering Council on Monday regarding actions taken against banks linked to the high-profile money laundering case involving former Bamban, Tarlac mayor Alice Guo.

In response, Sen. Grace Poe, who chairs the Senate Committee on Finance, said the AMLC initiated enforcement action proceedings against the banks involved in the Guo case. These proceedings will determine if the banks breached requirements under the Anti-Money Laundering Act . Hontiveros underscored the importance of significant penalties, especially given the magnitude of the transactions under scrutiny.

However, both senators emphasized that while AI can aid investigations, it cannot replace human insight.

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