Summary
The Philippines’ Anti-Money Laundering Council (AMLC) has commenced an investigation into the alleged laundering of ransom money linked to the murder of local businessman Anson Que. His ransom payment of Php200 million (approximately US$3.6 million) was reportedly funnelled through junket operators 9 Dynasty Group and White Horse Club and involved multiple e-wallet transactions, conversion to cryptocurrency, and withdrawals via Huione Pay.
Following Que’s gruesome murder, both junket operators have discontinued their operations in most Philippine casinos. The AMLC is collaborating with the Philippine National Police (PNP) and gaming regulator PAGCOR to trace the illicit money flow, uncovering e-wallets and shell accounts used in the process.
Key Points
- The AMLC is investigating 9 Dynasty Group and White Horse Club for their involvement in laundering ransom money related to a murder case.
- Anson Que’s kidnapping and murder occurred in April 2025, with a ransom payment of Php200 million made by his family.
- The investigation has revealed the use of e-wallets and cryptocurrency to obscure the flow of funds.
- At least US$1.4 million was withdrawn using Cambodian-based Huione Pay.
- The AMLC is working closely with PNP and PAGCOR to bring those involved to justice and prevent the financial system from being exploited for illicit activities.
Why should I read this?
This article dives into a complex web of crime and finance that highlights how serious and urgent the issues of money laundering are, especially in the context of organised crime linked to casinos. If you’re interested in understanding the intersection of crime, finance, and regulatory measures, this is a must-read. Plus, it gives you a sneak peek into how authorities are tackling financial crimes that often go unnoticed!