The Anti-Money Laundering Council (AMLC) said Tuesday it secured its third freeze order from the Court of Appeals, expanding its coverage of assets potentially linked to the country’s flood control project controversy.
The latest order covers 836 bank accounts, 12 e-wallets, 24 insurance policies, 81 motor vehicles and 12 real estate properties linked to individuals and entities under investigation.
The AMLC described the action as the “most extensive” asset freeze since the probe into anomalous flood control projects began.
“By freezing a wide range of assets—such as bank accounts, e-wallets, vehicles, and properties—the AMLC is disrupting the financial channels used in corrupt activities,” said Matthew David, executive director of AMLC.
“Our goal is straightforward: prevent stolen public funds from being dissipated and misused, recover them for the national government, and ensure that those involved in money laundering are held accountable,” David said.
This order follows two earlier directives that had frozen 1,563 bank accounts, 54 insurance policies, 154 vehicles, 30 properties and 12 e-wallets.
The total value of frozen assets is estimated at P2.9 billion, a figure that is expected to rise as the investigation deepens.
The AMLC said it remains committed to working closely with other government agencies to protect public funds.
 secures its third freeze order covering P2.9B in assets, including 836 bank accounts, linked to the flood control project controversy.){kind=link}