AMLC investigates money laundering in Anson Que ransom case
The Anti-Money Laundering Council (AMLC) is investigating alleged money laundering related to the ransom paid for kidnapped businessman Anson Que.
Reports indicate that junket operators 9 Dynasty Group and White Horse Club, which facilitated the ransom payments in Philippine peso and US dollars before converting them into cryptocurrency, have ceased operations in Philippine casinos.
The AMLC's investigation includes probing casino players who initially received the ransom funds via e-wallets before converting them into cryptocurrency.
The council is collaborating with the Bangko Sentral ng Pilipinas (BSP) and Securities and Exchange Commission (SEC) to examine unlicensed e-wallet operations with cryptocurrency conversion capabilities.
AMLC is also working with foreign financial intelligence units to gather information on the movement of funds related to Que's ransom.
Que and his driver were found dead in Rodriguez, Rizal following a kidnapping incident on April 9.
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