PANews
PANews|Oct 04, 2026 01:39
[Philippine Anti-Money Laundering Council Freezes Over 100 Bank Accounts and Virtual Asset Wallets Linked to Corruption and Flood Control Projects] According to The Philippine Star, the Philippine Anti-Money Laundering Council (AMLC) has obtained a court-issued freeze order to freeze more than 100 financial accounts and other assets connected to a legislator, as well as several individuals and entities. These assets are suspected to be linked to corruption, plunder, and irregularities in flood control projects. The frozen assets include 86 bank accounts, 4 investment accounts, 1 insurance policy, and 25 virtual asset wallets. AMLC stated that the funds were transferred through multiple virtual asset service providers and various virtual asset wallets, making tracking more difficult. The council has not disclosed the identities of the legislator or other parties involved.
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