According to the MIAA, money laundering, which happens in almost every country in the world, is an act by which criminals or their organizations disguise ownership and control of the proceeds of their llegal conduct. Furthermore, these criminal entities make it appear that such proceeds were derived from a legitimate source. They transfer this “dirty money” through several countries in order to obscure its origins and in the process “clean” or “launder” the cash.
Aside from the airport security personnel, the other participants of the USDHS training program came from the Philippine National Police, Bureau of Customs, Bureau of Immigration, National Bureau of Investigation, Anti-Money Laundering Council and the Philippine Drug Enforcement Agency. The program, which started Monday will last until Friday, February 26.
The MIAA through its general manager, Jose Angel Honrado, thanked the US government “for ensuring that needed mechanisms are in place among agencies and in crucial places of financial flows such as the airport.”