Pinay gets 2 years jail for laundering $760K

The Eastern Magistrates' Court For allowing more than $760,000  in crime money pass through her bank account - a process called money laundering - a Filipina is now in jail for a year. Crishelle Asuncion, 39 years old, was imprisoned Friday, March 27, after she pleaded guilty to money laundering at Eastern Court. PINDUTIN DITO The sentence is net of the one-third discount, from  the 18-month starting point, given to those who plead guilty. The early admission prompted Principal Magistrate David Cheung to cancel her next hearing date scheduled for May 8. Basahin ang detalye! Asuncion was charged by the Police Financial Investigation Division last Oct. 22 with dealing with property known or believed to represent proceeds of indictable offense,contrary to sections 25(1) and 25(3) of the Organized and Serious Crimes Ordinance. The charge arose from the deposits and withdrawals totaling $760,270.13 that went into her ZA Bank account between Oct. 30, 2020 and March 25, 2021. The police said she dealt with the money, together with an unknown person, that was “in whole or in part directly or indirectly represented any person's proceeds of an indictable offense,” as described by the ordinance.

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