THE Anti-Money Laundering Council (AMLC) secured another freeze order from the Court of Appeals, expanding the investigation’s reach, targeting more assets linked to alleged irregularities in flood control spending.
The fourth freeze order was issued on October 3, 2025. It covers 57 bank accounts, 10 real properties, and nine motor vehicles under AMLC’s watch.
Prior freeze orders have already led to the immobilization of assets valued at over P4 billion — a figure expected to rise as the inquiry deepens.
AMLC said the Court of Appeals already has frozen a total of 1,620 bank accounts, 54 insurance policies, 163 motor vehicles, 40 real properties and 12 e-wallet accounts.
Among the assets seized are high-value holdings such as a luxury compound in a prime urban district, multiple high-end vehicles, virtual currencies, and unit investment trust funds.
“These freezes are real actions that stop corruption,” said AMLC Executive Director Atty. Matthew M. David in a statement. “Every peso frozen is a peso that cannot be used to sustain corruption.
AMLC said it remains committed to tracing financial links to public sector anomalies. (ABS-CBN News)
