AMLC charges 4 with Money Laundering in Philippines

The Anti-Money Laundering Council (AMLC) has filed charges against 2 employees of the Philippine National Bank (PNB) the University of the Philippines-Diliman branch and 2 depositors for allegedly pocketing P25.18 million from the revolving fund account.

Rosemarie Ann Pamplona, former junior sales and service officer of the PNB-UP campus branch; Evangeline Domingo, former senior sales and service associate; and depositors Jamie Santos and Ely Zanda Clemente were accused of violating Republic Act No. 9160 or the Anti-Money Laundering Act of 2001.

According to the AMLC, the UP’s revolving fund account was pre-terminated by Pamplona and Domingo without the university’s authority and knowledge on January 4, 2007. The proceeds of the account were deposited in 3 suspicious accounts under the names of Clemente, Santos and UP Cons that was a non-existent business entity.

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