The Bangko Sentral ng Pilipinas (BSP) has started investigating bank accounts linked to the flood-control corruption controversy, using the Anti-Financial Account Scamming Act (AFASA) for the first time. The law, also known as Republic Act 12010, took effect in June this year. It criminalizes money muling activities, which involve using financial accounts to obtain, receive, … Continue reading BSP applies new law to probe bank accounts linked to flood-control corruption