AMLC junks Trillanes request to release Duterte bank records

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The Anti-Money Laundering Council (ALMC) has turned down the request of Senator Antonio Trillanes 4th to provide his office bank documents of President Rodrigo Duterte.

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The senator has claimed that the President accumulated hundreds of millions of pesos when he was the mayor of Davao City.

Trillanes on Thursday showed reporters the letter of ALMC signed by Mel Georie B. Racela, officer-in-charge of the agency.

“Since our request was rejected, I now call on Duterte to issue a waiver on his bank accounts,” the senator said.
“All these anti-corruption mantra of Duterte are just for show. He is actually a corrupt politician,” he added.

Racela said the AMLC is not allowed under Republic Act 1405 or the Bank Deposit Secrecy Law to release the President’s bank records, stressing that bank transactions are “absolutely confidential and may not be inquired into by any person, government official, bureau or office, subject only to a few exceptions not present in this case.”

He said AMLC may only conduct an inquiry during investigation of an “unlawful activity or a money laundering offense or existence of probable cause.

“Without an authorized bank inquiry, the AMLC is in no position to have in its possession the bank records of, or to disclose, the bank transactions of anyone” Racela said.

Trillanes sought the help of AMLC in exposing the bank accounts of the President from 2006 to 2015, including the bank accounts of his children — Davao City Mayor Sarah Duterte, Paolo and Duterte’s common-law-wife Honeylet Avanceña.

Duterte has denied having multi-million bank accounts.

Trillanes also accused the camp of Duterte of maneuvering the exposé of Guillermina “Grace” Barrido Arcillas who claimed that she was paid by the senator to act as witness to the various criminal activities of the President.

Trillanes showed videos showing Arcillas being interviewed by his personnel when she volunteered to be a witness against Duterte.

Arcillas claimed that she was paid by Trillanes and Senator Leila de Lima about P300,000 to testify against the President.

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6 Comments

  1. When pigs fly duturd will release bank records. Duturd supporters are the below avg iq and rich corrupt scum.
    The corrupt already know he’s got the money while below avg iq is on need to know basis.

    • Another non-sense comment from a troll. You should realize that it’s not PRRD’s fault. He even openly said to open it, he doesnt give a damn. It’s the bank rules that’s stopping it. You should point your rant on Sundalong Kanin for doing another non-sense attack.People’s taxes are paying him and yet all he does is be an attack dog of the Yellow turd and that includes Alejano. They’re a big waste of taxes and time. Or you could point your rant on the bank.

    • WorkingCitizen on

      Indeed another non-sense comment. Hard to argue with this kind of commenters. It’s very trivial that Trillanes action is just for a show. Makagawa lang ng news kumbaga, para sa mga taong naniniwala pa sa kanya, just like you. If he is indeed serious to prove something, then the right way to do so, is gather evidence, analyze it, and file it to the relevant court. This is the very reason why there’s such law in place, to discourage people doing stupid actions.

      On another hand, why is Trillanes so dumb persistent on making it a news? It’s damn politics. For us ordinary people, we better stay away from this charade, cause it’ll never be rational, and we will never understand it, it’ll just waste your energy and your time.

  2. Banks are required to report bank deosits and transaction to the Banko Central when it reaches a certain amount (100M if I’m not mistaken). IF BPI ever saw taht PRRD had 100M then he will be reported to BSP and AMLC- so no report from bank means PRRD’s account hasn’t reached the cap amount.

    BTW, pwedeng immediate problems muna ang atupagin at hindi itong mga petty na topic? Feel ko sinasayang nila gov’t and time ng tao sa mga patutsada na walang kahihinatnan.
    Pag iba-iba ang goals ng isang bayan, ito’y walang paroroonan.

  3. I cannot understand for the life of me why every single filippino isnt & doesnt call for the repealment of the bank secrecy law for dollar accounts. If bank secrecy is so important why dont they have it for peso accounts. The corrupt use the bank secrecy law to legally hide their ill gotten monies. You clearly saw it with ex cj corona. They take us all for fools. They knew full well when they introduced that law what it would be used for. Its disgusting.

    • aladin g. villacorte on

      For the life of me I cannot understand why until now the President has refused to grant a waiver on his bank accounts and settle this issue once and for all. It’s like a Damocles sword that’s dangling on his head while the public holds its breath.