The Securities and Exchange Commission (SEC) has filed a money laundering complaint against Silverlion Livestock Trading Corp., after it was found to be illegally soliciting investments from the public.
THE Securities and Exchange Commission has filed a money laundering complaint against Silverlion Livestock Trading Corp., after it was found to be illegally soliciting investments from the public.Together with the Anti-Money Laundering Council , the Commission, through its Deputized AMLC Financial Investigators, filed on October 5 a joint complaint against Silverlion for violation of Section 4 of Republic Act No. 9160, or the Anti-Money Laundering Act , as amended.
The group also offered a special promo involving the car of choice of any investor who locks in P400,000 worth of investment for 60 days.Proceeds of the unlawful activity amounted to P17.89 million, representing cash seized during the implementation of a search warrant in Silverlion’s offices in Zamboanga City by operatives of the Philippine National Police Anti-Cybercrime Group, together with the SEC Zamboanga Extension Office last year.
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