Legal expert Atty. Dale Mordeno stated that despite Anti-Money Laundering Council (AMLC) testimony in the Senate Impeachment Court, financial oversight agencies face inherent limitations when tracking unbanked cash assets.
Mordeno explained that illicit funds stored as cash in luggage leave no paper trail, enabling corrupt officials to hide illicitly acquired wealth beyond the reach of state banking regulatory frameworks.
He added that the absence of institutional banking records makes verifying or recovering unrecorded physical cash extremely difficult for financial oversight authorities.
