Major money laundering country in the world

With only 99 days to go before his term expires, President Aquino must account for yet another shameful distinction achieved by the Philippines under his watch.

The latest dishonor is headline-grabbing and hair-raising. In the 2016 international Narcotics Control Strategy Report of the US state department, which was submitted to the US Congress on March 2, our country is named as one of the major money laundering countries of the world. It goes on to report that we are also No. 8 in the world in illicit outflows.