AMLC may review banks tied to flood control funds

The Anti-Money Laundering Council (AMLC) has indicated that it may investigate banks following a congressional inquiry that highlighted large cash transactions connected to a flood control scandal. However, the watchdog declined to confirm whether such an investigation is already in progress.

Meanwhile, the state-run Land Bank of the Philippines (LandBank) has “strongly refuted” any insinuations of irregularity in its operations related to the matter.
https://business.inquirer.net/549850/amlc-may-review-banks-tied-to-flood-control-funds

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