The failure of Anti-Money Laundering Council (AMLC) to stop the entry of stolen Bangladeshi funds into the country’s banking system is nothing short of global embarrassment. That “dirty money” could easily get past AMLC’s touted money laundering firewall has become fodder for international news outfits.

It is even more embarrassing when the Philippines’ anti-money laundering agency is compared to its counterpart in Sri Lanka, a tiny island nation south of India.

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