PRESS RELEASE

Rep. Antonio Tinio ACT Teachers Party-list 22 April 2026

Tinio flags huge inflows vs outflows in Duterte-Carpio accounts based on AMLC summary; urges full explanation, reconciliation with SALNs

House Deputy Minority Leader and ACT Teachers Party-list Representative Antonio Tinio raised serious questions at the House Committee on Justice hearing today after the Anti-Money Laundering Council (AMLC) clarified key figures in its summary of bank transactions involving Vice President Sara Duterte-Carpio and her husband Manases Carpio, including total inflows, outflows, and “undetermined” transactions.

“In AMLC’s summary, ‘inflow’ means money that entered the bank accounts of Sara Duterte-Carpio and Manases Carpio, while ‘outflow’ means amounts that left those bank accounts,” Tinio said. “Based on the report covering 2006 to 2025, AMLC confirms a total inflow of about P4.425 billion and a total outflow of about P1.5 billion.”

Tinio also sought clarification on a separate category amounting to P791.1 million tagged as “undetermined inflow and outflow,” which AMLC explained was due to limitations in early reporting systems that did not consistently categorize whether a movement was an inflow or outflow.

“Ipinapakita ng AMLC report na may P4.425 bilyon na pumasok at P1.5 bilyon na lumabas sa mga bank account,” Tinio said. “Mayroon pang P791.1 milyon na ‘undetermined’ dahil noon ay hindi pa malinaw sa reporting kung papasok ba o palestra. Malinaw na malaki ang agwat ng inflow at outflow, at kailangan itong maipaliwanag at maitugma sa SALN.”

Tinio noted that while a simple comparison suggests an inflow-outflow gap of roughly P2.9 billion, AMLC cautioned that its figures are based on reports above the P500,000 threshold and that transactions below the threshold may not appear in the same dataset—although patterns intended to evade reporting thresholds may be flagged as “structuring” and reported as suspicious.

“AMLC also clarified that these figures reflect transactions above reporting thresholds, and that there are legal concepts like structuring where banks can flag patterns designed to evade reporting,” Tinio said. “But regardless of these technical limitations, the scale of recorded inflows and outflows already raises legitimate questions of transparency and consistency with declared wealth.”

Tinio further asked AMLC to explain the nature of the transactions appearing in the summary, particularly large categories such as “credit memo,” “debit memo,” and “fund transfer,” with AMLC explaining that in earlier years, “credit memo” was commonly used as a broad label for amounts added to an account, while “debit memo” broadly referred to deductions.

“The bottom line is accountability,” Tinio said. “These AMLC figures should be reconciled with the Vice President’s SALNs and with lawful sources of income. The public deserves clear explanations, supported by documents—not vague assurances.”

“Hindi puwedeng manatiling puro matrix at summary lang,” Tinio said. “Dapat malinaw ang pinanggalingan at gamit ng pera at dapat tugma ito sa mga deklarasyon sa SALN. Karapatan ng publiko ang katotohanan.” ###