AMLC freezes assets linked to flood mess
MNILA, Philippines — The Anti-Money Laundering Council (AMLC) has secured another court order freezing more than 100 financial accounts and other assets linked to a lawmaker and several individuals and entities allegedly involved in corruption, plunder and flood control project anomalies.
The Court of Appeals (CA) issued the freeze order on Sept. 21 after finding probable cause that the assets were related to plunder under Republic Act 7080, according to the AMLC.
A freeze order temporarily prevents covered assets from being withdrawn, transferred or disposed of while authorities investigate their possible links to unlawful activities.
The order covers 86 bank accounts, four investment accounts, one insurance policy and 25 virtual asset wallets, or digital accounts used to hold and transfer virtual assets such as cryptocurrencies.
According to the AMLC, the use of multiple recipients and financial channels made the funds harder to trace and increased their transactional distance from their alleged source. The council said the transactions were traced to funds allegedly linked to corruption and plunder cases involving the lawmaker.
The AMLC did not identify the lawmaker, the company or the other parties covered by the order.
In an earlier response to The STAR, the council said it is legally barred from disclosing information that could reveal the identities of persons or entities covered by freeze order proceedings.
The latest case also highlights the increasing use of newer financial channels in transactions involving suspected illicit funds.
The AMLC said funds in the case passed through virtual asset service providers and multiple virtual asset wallets, adding layers that made their movement more difficult to trace.
“The AMLC will continue working closely with partner agencies and financial service providers to identify, trace, restrain and recover suspected illicit assets, while preventing the misuse of both traditional and emerging financial channels for corruption, money laundering,” it said.
abtestabtest Prosecution legal spox Tolosa receives impeachment court warning over comments By Ian Laqui | 1 day ago House prosecution legal spokesperson Benjamin Tolosa said that he also received a warning from the Senate impeachment court... Headlines Mark Villar to remain with minority – Cayetano By Neil Jayson Servallos | 6 days ago Sen. Mark Villar will remain with the minority bloc despite his recent vote to alter the conviction threshold denominator... Headlines VP Sara spokesmen patch things up By Evelyn Macairan | 1 day ago he misunderstanding between Vice President Sara Duterte’s spokesman Paolo Panelo and defense panel spokesman Michael... Headlines SC junks petitions vs lower impeach vote to convict By Ghio Ong | 1 day ago The Supreme Court has junked the three petitions challenging the ruling of the Senate impeachment court that allowed a lower... Headlines Dizon denies cover-up in Taguig flood control probe: 'We'll go where evidence leads us' By Cristina Chi | 1 day ago Public Works Secretary Vince Dizon has vowed "no cover-up" in his department's probe into Taguig’s flood... Headlines Latest More in Headlines Ex-VP aide needs more time after NBI subpoena Eala makes TIME Risin Stars list Government ready to answer petitions vs BSKE postponement PCG drives away Chinese research vessel off Batanes abtest Palace: P46 billlion aid ready for ‘Super El Niño’ , By Alexis Romero | 1 hour ago The government has allocated more than P46 billion this year to respond to the impact of “Super El Niño,”... Headlines DOJ ‘almost ready to file’ extradition petition on Quiboloy 1 hour ago The Department of Justice is “almost ready to file the petition” on the request of the United States... Headlines Defense: Properties mentioned were in Sara’s SALN By Bella Cariaso | 1 hour ago The properties mentioned by the prosecution witnesses before the Senate impeachment court yesterday were included in the statement... Headlines SC settles quorum question on Senate shakeup By EJ Macababbad | 1 hour ago The Supreme Court dismissed two petitions challenging the Senate’s decision to convene on June 3 with just a quorum... Headlines Recommended AMLC records cleared for trial presentation September 28, 2026 - 12:00am Financial documents from the Anti-Money Laundering Council have been cleared for use as evidence in the ongoing impeachment trial of Vice President Sara Duterte. HeadlinesAMLC Pilde na si Sara? September 27, 2026 - 12:00am Angay na bang kuyawan si Bise Presidente Sara Duterte? Sa hukom sa mayoriya sa senator-judges pagpaubos sa gidaghanon sa mga boto nga gikinahanglan pagkonbikto niya? HeadlinesTRENDING Kalbaryo ni Sara September 25, 2026 - 12:00am Kon gamay nang tan-awon ang 14 ka boto pagkonbikto ni Bise Presidente Sara Duterte impeachment trial, dili pa kana mao. HeadlinesSARA DUTERTE next Recommended AMLC records cleared for trial presentation Financial documents from the Anti-Money Laundering Council have been cleared for use as evidence in the ongoing impeachment trial of Vice President Sara Duterte. 4 days ago AMLC Pilde na si Sara? Angay na bang kuyawan si Bise Presidente Sara Duterte? Sa hukom sa mayoriya sa senator-judges pagpaubos sa gidaghanon sa mga boto nga gikinahanglan pagkonbikto niya? 5 days ago TRENDING Kalbaryo ni Sara Kon gamay nang tan-awon ang 14 ka boto pagkonbikto ni Bise Presidente Sara Duterte impeachment trial, dili pa kana mao. 7 days ago SARA DUTERTE OK Are you sure you want to log out? Yes No X Login Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!
