03/03/2026
: LANDBANK wants to help clarify issues arising in relation to handling accounts, particularly to government contractors. Our goal is to inform the public of correct information and explain existing processes.
✅ Funds passing through LANDBANK are legitimate government funds, approved by Congress and processed by agencies like DBM and DPWH before reaching us.
✅ As a bank, it is our duty to ensure that all transactions are smooth and in accordance with laws and regulations.
✅ We have a thorough process such as Know Your Customer (KYC) and automatic reporting to AMLC for large transactions, in accordance with the Anti-Money Laundering Act.
We understand the public's concern regarding the recent transaction. LANDBANK assures that we strictly adhere to the existing law, regulations of the Bangko Sentral ng Pilipinas, and the Anti-Money Laundering Act. The release of funds is only done after completing all the documents and due diligence required by the law.
As we carry out our duty, we also understand the broader issue that accompanies it. We see this as an opportunity to work further with legislators and other partners to strengthen protection, expand transparency, and ensure that the financial system is truly for the welfare of every Filipino.
Because, just like every Filipino, LANDBANK will also seek to help prevent corruption and to promote a more fair and orderly system for all.
To read the full Press Statement on this, simply visit:
https://www.landbank.com/.../landbank-all-transactions...
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