Anti-Money Laundering Council secures 5th freeze order under flood control probe

MANILA, Philippines — The Anti-Money Laundering Council (AMLC) has secured its fifth freeze order from the Court of Appeals in connection with the ongoing flood control probe. This latest action brings the total value of immobilized assets to over P4.4 billion.

To date, the crackdown has resulted in the freezing of 1,632 bank accounts, 54 insurance policies, 163 motor vehicles, 40 real properties, and 12 other assets.

https://business.inquirer.net/551515/anti-money-laundering-council-secures-5th-freeze-order-under-flood-control-probe

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