Financial Crime World

Criminals Exploit Lockdown to Peddle Drugs Online

A Growing Concern in the Philippines

As the country battles the COVID-19 pandemic, law enforcement agencies have been on high alert for an increase in illegal activities. One such modus operandi has emerged as a major concern: drug trafficking through social media and online fund transfer services.

Record-Breaking Drug Seizures

According to data from the National Capital Region Police Office (NCRPO), a staggering PHP171 million worth of drugs were confiscated from March 15 to May 10, 2020. This marks a significant increase compared to the same period last year. Most of these arrests took place at road checkpoints.

The Modus Operandi

The modus operandi is simple yet effective:

  • Drug sellers post their wares on social media
  • Buyers contact them and pay for the drugs through online fund transfer services such as EMI or other digital payment platforms
  • The drugs are then delivered to the buyer via ODCS or private couriers, often posing as carrying medical or food items

Authorities’ Warning

While there is no direct correlation between the rise in suspicious transactions and COVID-19 cases or lockdowns, authorities urge covered persons (CPs) to be vigilant and report any unusual transactions. To enhance surveillance efforts, CPs are advised to use specific keywords when filing suspicious reports, including:

  • COVID-19
  • ECQ
  • Pandemic
  • Lockdown
  • And other relevant terms

Money Laundering Concerns

The Anti-Money Laundering Council (AMLC) warns that criminals may be using digital payment platforms to launder money and perpetrate other financial crimes. CPs are advised to be cautious as unemployment rises and the general public becomes more susceptible to fraudulent activities.

Tips for Staying Safe Online

  • Be cautious when receiving suspicious messages or offers
  • Verify the identity of online sellers before making a purchase
  • Use secure payment methods and keep your personal information private
  • Report any suspicious transactions to the authorities immediately

Authorities’ Call to Action

As authorities continue to monitor and crack down on illegal activities, they urge CPs to stay vigilant and report any suspicious transactions. With increased awareness and cooperation, we can work together to combat this growing threat and keep our communities safe.