Anti-Money Laundering Council (AMLC) documents reveal international remittances received by Calle88, a firm associated with Sara Duterte, including funds from China and other nations.
Recent Anti-Money Laundering Council (AMLC) records have surfaced indicating that Calle88, a company linked to Sara Duterte, daughter of the Philippine President, has received remittances from China as well as other countries. These financial transactions are under increased scrutiny amid concerns over international money flows involving politically connected entities in the Philippines. Analysts and watchdogs highlight the importance of transparency and strict compliance with anti-money laundering regulations, especially for firms interconnected with prominent political figures. This development forms part of an ongoing effort by Philippine authorities to monitor and regulate cross-border money transfers to mitigate risks of illicit financing and enhance financial transparency. The AMLC continues to review and investigate such transactions to ensure adherence to the legal frameworks governing remittances and financial disclosures. This information is significant for stakeholders monitoring overseas workers’ remittances and the broader financial landscape in the Philippines.
Sources referenced:
- https://politiko.com.ph