The Anti-Money Laundering Council (AMLC) has obtained another freeze order from the Court of Appeals (CA, further tightening its grip on assets linked to alleged irregularities in flood control expenditures.
In a statement released Friday, AMLC confirmed that the latest freeze order covers 57 bank accounts, 10 real properties, and nine motor vehicles. These assets are now under scrutiny as part of the council’s ongoing investigation into questionable public sector transactions.
This new order adds to a growing list of previously frozen assets, which already include over PHP4 billion worth of holdings. To date, the CA has immobilized a total of 1,620 bank accounts, 54 insurance policies, 163 motor vehicles, 40 real properties, and 12 e-wallet accounts.
Among the seized assets are luxury compounds in prime urban locations, high-end vehicles, virtual currencies, and unit investment trust funds—highlighting the scale and sophistication of the alleged financial misconduct.
“These freezes are real actions that stop corruption,” said AMLC Executive Director Atty. Matthew David. “Every peso frozen is a peso that cannot be used to sustain corruption.”
AMLC reaffirmed its commitment to tracing financial links to public sector anomalies and emphasized that asset freezes are a critical tool in disrupting illicit financial flows. (PNA)
The Bench Files 
Leave a comment