#philippines elections

The Anti-Money Laundering Council (AMLC) said that it will investigate bank and electronic money (e-money) accounts that will have unusual transactions ahead of the May 2022 national elections. “As a financial intelligence unit, ang mandato po ay (the mandate is) to preserve integrity of the bank accounts and to ensure na ang Pilipinas po ay hindi ginagamit (that the Philippines is not being used) to launder proceeds of unlawful activities. Yet in the Philippines, one of Asia's longest standing democracies, the dynamic seems to be more about the "cheater" and the "cheated." In addition to this, the transmission rate, aided by the electoral provider's 4G network, appears to be the fastest yet in Filipino electoral history. This year, 2022, the transparency server by the Commission on Elections (COMELEC) has reached 98 percent within 24 hours. Perhaps part of the reason behind Pacquiao's surge and Moreno's decline as the transmission progressed would be the processing times of election returns in different areas of the Philippines. Taking the regions on average, the ratio would be far from the national value: 4.667 for president (82-18), and 9.245 for vice president (90-10) across 17 regions of the Philippines. Evidently, regional factors provided the leading candidates advantages and disadvantages, but the convergence of these proved to be sufficient to give them a majority of the votes, the first time since at least the 1981 elections. Read more in our articles including "AMLC to probe bank, e-money accounts with unusual election-related transactions" and "68-32 Magic or Law of Large Numbers?".