Anti-Money Laundering Council (AMLC) is preparing to file a civil forfeiture case against the very popular remittance firm PhilRem Service Corp suspected to have gotten hold of part of stolen $81 million from Bangladesh in February, according to a senior officer of the state regulatory.
Julia Bacay-Abad, AMLC Executive Director said that in order to restrain order issued by the Supreme Court, the financial intelligence unit will be filing a civil forfeiture case to recover some P109 million understood to have been left with Solaire Resort and Casino Players.
“Definitely we will file cases against them. We already filed a criminal case; forfeiture we will also file. Definitely we will run after them,” she said.
AMLC had already filed a complaint last April against the officers of PhilRem managed by President Salud Bautista, Michael Bautista, the Chairman and treasurer and Antony Pelejo, the Anti-money laundering compliance offering for not abiding Republic Act 9160 also known as the Anti-Money Laundering Act of 2001.
Further during 31st may other actions were taken such as revoking the licenses and delisting PhilRem from the roster of remittance agents, foreign exchange dealers and money changers, by Bangko Sentral ng Pilipinas (BSP).
Abad also stated that high-level mission headed by Anisul Huq from Bangladesh’s law and parliamentary affairs was thankful to the AMLC.
The Department of Finance (DOF), in a statement said that Finance Secretary Carlos Dominquez 3rd had already given confidence to members of high-level delegation from Bangladesh of the government’s dynamic steps to help recover the $81 million stolen funds. And each step taken will be followed by the process required under Philippine laws.