MANILA, Philippines – Money trail left by Aman Futures, the trading firm being investigated for duping thousands in Visayas and Mindanao, may possibly be traced by the Anti-Money Laundering Council (AMLC), a regulator said on Saturday.
"Mayroon po tayong covered transaction reports na in excess of P500,000, magpa-file ang bangko niyan sa AMLC," Elmira Alconaba, assistant director at the Securities and Exchange Commission, told dzMM's “Konsyumer Atbp.”
"At ‘pag suspicious ang transaction, banks can also file suspicious transaction reports with the AMLC," she added.
These two reports will allow the AMLC to freeze any bank account of suspicious nature and trace where the money went.
Alconaba was commenting on notions that Aman Futures officials have already cashed out money in Malaysia.
"If the allegations are correct na ‘yung pera ay nasa labas na ng bansa, ‘yung ating AMLC pwedeng mag-request sa Malaysia for the tracing of the money," Alconaba said.
"Made-detect nila 'yun," she continued.
The government, through the Department of Justice, the National Bureau of Investigation, and the Department of Interior and Local Government, is investigating Aman Futures, which allegedly collected P12 billion from unknowing victims in Visayas and Mindanao.
The firm preyed on market vendors, farmers, police and military personnel, and government workers and officials.
Pagadian Mayor Samuel Co last week said officials of Aman Futures cashed out almost half a million pesos everyday from an account in Malaysia. The local government official, who admitted he also invested in the firm, said most of the suspects of Aman Futures are still in Mindanao.