AMLC: Suspicious transaction reports do not prove illegal activity
MANILA, Philippines — The Anti-Money Laundering Council (AMLC) on Tuesday said its records, particularly suspicious transaction reports (STRs), do not by themselves prove illegal activity, as they still require further analysis and investigation to establish whether any wrongdoing actually took place. AMLC secretariat Executive Director Ronel Buenaventura clarified the matter during the 34th day of
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