The Anti-Money Laundering Council (AMLC) has ramped up its campaign against alleged corruption tied to flood control projects, securing its seventh freeze order from the Court of Appeals covering luxury assets and high-value properties.
The latest order pushes the total frozen assets to ₱6.3 billion, making it one of the most sweeping financial crackdowns in recent years.
“As of today, the AMLC has frozen a total of 1,671 bank accounts, 58 insurance policies, 244 motor vehicles, 144 real properties, and 12 e-wallet accounts,” said AMLC Executive Director Matthew David.
“With the issuance of the seventh freeze order, this figure is expected to rise further,” he added.
The AMLC said the move is part of its ongoing efforts to trace and recover public funds allegedly siphoned off through irregular flood control projects across the country.
To bolster the probe, the council is working closely with the Independent Commission for Infrastructure (ICI), Bureau of Internal Revenue (BIR), National Bureau of Investigation (NBI), and the Office of the Ombudsman.
The inter-agency cooperation, the AMLC said, aims to protect public resources and uphold transparency in government infrastructure spending.