Philippine Heist Probe to Focus on 19 Gamblers

The video discusses the case of missing funds, where $81 million was funneled into the casino system, with $17 million still unaccounted for. Despite this, the banking system is deemed sound by the central bank governor and SNP, though the transaction raises concerns. Upcoming elections and legislative hearings aim to address loopholes in the anti Money Laundering Act, particularly regarding casino transactions.

What amount of the missing funds is still unaccounted for according to the key witness?

• $34.8 million

• $81 million

• $17 million

• $61 million

What did the central bank's report indicate about the banking system?

• It is unstable

• It is in a crisis

• It is sound

• It is declining

What is causing investors to be cautious according to the report?

• Increased interest rates

• Low capital adequacy ratios

• Upcoming elections

• High nonperforming loan ratios

What legislative action is being proposed to address the money laundering issue?

• Introducing new currency notes

• Reducing banking regulations

• Closing loopholes in the Anti-Money Laundering Act

• Increasing taxes on casinos

Which transactions are specifically mentioned as needing more regulation in the proposed amendments?

• Cryptocurrency transactions

• Foreign exchange transactions

• Casino and property transactions

• Stock market transactions