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 is the perception issue regarding the Philippine banking system mentioned in the text?

What specific loopholes are being targeted for closure in the current anti-money laundering act?