The Anti Money Laundering Council said the increasing crime of online child pornography in the Philippines – estimated to be more than a $1 billion industry — is a money laundering and terrorism financing threat and is further escalating despite laws against cybercrime and efforts to rid the country of its reputation as a global child cybersex hub.
AMLC also noted that the existing Public-Private Partnership Program framework which is “useful” needs more attention because while it could help against child cybersex, it could only do so to a certain extent as “only a handful of institutions are engaged.” “OSEC is a horrific crime that causes significant harm to children and young adults, and even to wider society in which it pervades. It is a significant threat which is more likely to continue to increase in the coming years. The issue about OSEC has been one of the global emerging issues, and the Philippines is named in various studies as the global hotspot or the global epicenter of OSEC,” said AMLC.
AMLC said the effect of COVID-19 pandemic to OSEC has been indicated by the number of cases during the lockdown, which rose by 264 percent based on a Department of Justice report. Its Office of Cybercrime showed that the National Center for Missing and Exploited Children reported 279,166 cases March to May compared to 76,561 same period last year.
Source: News Formal (newsformal.com)
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