Manila, May 13 -- The Anti-Money Laundering Council (AMLC) has launched a probe into the alleged money laundering of the ransom money paid relating to the kidnapping of businessman Anson Que.

In a statement late Monday, AMLC said it is working closely with the Philippine National Police (PNP), the Philippine Amusement and Gaming Corp. (Pagcor), and the casinos on the case.

It said the ransom monies were originally paid in Philippine peso and US dollars but were later converted to cryptocurrency.

The PNP alleged that junket operators 9 Dynasty Group and White Horse Club facilitated a money laundering operation involving approximately PHP200 million ransom paid for Que's release.

The AMLC said the illicit scheme reportedly used e-wallet...