FIA Records Over P2 Billion in Suspicious Transactions

– Between July and December 2022, the FIA documented 221 suspicious transactions

– January-June, 400 suspicious transactions were reported, totaling P500 million

This week, the Financial Intelligence Agency (FIA) released an analysis of money laundering and terrorist financing trends, uncovering a troubling pattern of 989 suspicious transaction reports (STRs) from 2022 to 2023, collectively valued at over P2 billion.