HALISTER1: Duterte Calls Out Central Bank, AMLC; Tells Them to Cooperate

Duterte Calls Out Central Bank, AMLC; Tells Them to Cooperate

(Bloomberg) -- Philippine President Rodrigo Duterte rebukes central bank and Anti-Money Laundering Council for “being hard to deal with” and warns them against confrontation which will happen if they don’t cooperate.
  • Duterte gave remarks in speech at 80th anniversary of National Bureau of Investigation, recalling that when he was campaigning for presidential election, a senator accused him of hiding funds, which he had denied
  • Duterte says “there are billions” in funds being laundered which central bank and anti-laundering agency must reveal; he didn’t specify personalities or institutions
  • “You better go to the secretary of justice or I will go to you,” Duterte says; “Do not make it hard for us. Otherwise, I’ll make it hard for you”
  • Bangko Sentral ng Pilipinas has no comment at this time, according to its corporate affairs department
  • NOTE: Duterte Says BSP, AMLC ‘In Hot Water’ If He Becomes President Link
--With assistance from Siegfrid Alegado.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Rodrigo Duterte (Republic of the Philippines)

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