Suspicious transactions surge in 2020

By Anna Leah E. Gonzales

May 22, 2021 12:13 am

The number of suspicious transactions or those involving alleged money laundering increased by more than 60 percent in 2020, a report released by the Anti-Money Laundering Council (AMLC) showed.

The STR Quality Review report said suspicious transaction reports (STRs) last year surged to 1.01 million, up by 63 percent from the 623,000 in 2019.

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