In turn, the AMLC continues to benefit from having established relationships with law enforcement partners in the area of development of money laundering and terrorism financing cases. Third. From January 2018 to July 2019, the AMLC was able to produce tangible results of its investigation efforts and cause the freezing of assets with an estimated value of over one billion pesos.
Interestingly, the catalyst for this monetary policy decision was not directly Asia or a slowing economy from net export drag. Rather, it was the indirect impact of Asia, working through a Russian debt moratorium and ruble devaluation, which provided the impetus for an easing in U.S. short-term interest rates.