The leaders of the Philippines have a penchant for installing
projects that always prove problematic in the future.
The MRT is one of them.
Another is the Bangsamoro Basic Law.
Still another is the AMLAC,
or that which seeks to prevent money laundering.
This group by now appears to be
fighting for its existence, or rather
trying to justify its existence.
It has not caught any money launderers, lately,
and not even so for a long time now.
The most it has done is name the people
who has more money in their bank accounts
than could be imagined.
It has not, however, caught anyone who has
actually transferred a huge amount of money
from and to the country.
It appears that it is enough to have a large amount of money
in the bank to be called a money launderer.
And at this time that the government is undertaking
a crash project of inviting foreign investors to the country,
this AMLAC is proving to be a turnoff.
Now which investor would bring his money
in the country for an investment if
AMLAC would just bring to court those who have
large sums of money in the bank?
Come to think of it, those who would want
to launder money from this country
would not use the banks to do it.
They would use boats, instead!