How AMLC analyzes suspicious money deals

The culmination of the Anti-Money Laundering Council's thorough analysis of transaction reports is the Intelligence Report, a document that encapsulates the AMLC's findings and conclusions based on relevant data.

- KEISHA TA-ASAN

This report is crafted with partner law enforcement and government agencies such as the Philippine National Police, the National Bureau of Investigation or Bureau of Customs, depending on the nature of the suspected illegal activity.

The gathered information is analyzed to produce the Financial Intelligence Report, a confidential document that is shared only with relevant authorities.

The FIR details the specifics of suspicious or covered transactions, the parties involved and any connections to wider criminal activities. It is often the trigger for further investigation or legal action.

Based on the AMLC’s latest Annual Report, the dirty money watchdog collected 176.9 million of CTRs and 10.3 million of STRs from 2019 to 2022.

In 2023, the AMLC received around 15 million CTRs and STRs last year from 14,000 covered persons.

During the first semester of 2024, the AMLC shared 1,437 financial intelligence products to various stakeholders, 44 percent higher than the 998 disseminations in the same period last year.

As financial crime continues to evolve, the AMLC has identified new and emerging methods of money laundering in the Philippines amid the increased use of online services and cybercrimes during the pandemic.