MANILA, Philippines — Dismissed Bamban, Tarlac mayor Alice Guo, and her sister Shiela, may each face a maximum of 609 to 1,218 years in prison if found guilty of 87 counts of money laundering.
Anti-Money Laundering Council director (AMLC) Adrian Arpon on Thursday informed the senators that under the law, one count of money laundering was punishable with seven to 14 years imprisonment.
Arpon made the remark during the continuation of the Senate Committee on Justice and Human Rights subcommittee on the escape of the Guo siblings from the country in the middle of July.
He said that the AMLC, the National Bureau of Investigation, and the Presidential Anti Organized Crime…. on August 30 jointly filed 87 counts of money laundering against the Guo sisters.
Sen. Risa Hontiveros, chairman of the Senate Committee on Women, Children, Family Relations, and Gender Equality, asked Arpon the punishment for money laundering.
Arpon said, “Well, under the Anti-Money Laundering Act, the commission of money laundering carries with it the penalty of imprisonment..from 7 years to 14 years [imprisonment per count].”
Be the first to comment