Child porn transactions hit P113 million in 6 months

Suspicious transactions worth 113 million pesos related to child pornography were reported in the first half of last year, almost double the 66 million pesos booked in 2019 as the government stepped up its campaign against the sexual abuse of children, the Anti-Money Laundering Council revealed.

In a public bulletin titled “Child pornography in the Philippines,” the AMLC showed the volume of suspicious transaction reports reached over 27,000 from January to June 2020 or more than 2.5 times the 10,600 reported for the entire 2019.

The financial intelligence unit also noted the use of electronic money issuers and virtual currency exchanges via electronic wallets accessible through mobile phones and other devices.

Of the total value from January 2019 to June 2020, the report showed 68 percent pertain to international remittances from the US, Australia, Canada, Saudi Arabia, United Kingdom, Norway, United Arab Emirates, Korea and Singapore.

Source: https://www.philstar.com/headlines/2021/01/05/2068237/child-porn-transactions-hit-p113-million-6-months

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