AMLC secures 4th freeze order amid flood control probe
MANILA, Philippines — The Anti-Money Laundering Council (AMLC) has secured a fourth freeze order under the ongoing flood control probe.
READ: AMLC may review banks tied to flood control funds
This brings the total value of immobilized assets to over P4 billion.
Article continues after this advertisement
The latest directive put the total number of frozen assets to 1,889.
FEATURED STORIES
This includes 1,620 bank accounts, 54 insurance policies, 163 motor vehicles, 40 real properties and 12 e-wallet accounts.
READ: What billions look like: Visualizing the staggering scale of flood control corruption
“These freezes are real actions that stop corruption,” said AMLC Executive Director Matthew M. David. “Every peso frozen is a peso that cannot be used to sustain corruption.” /rwd
Your subscription could not be saved. Please try again.
Your subscription has been successful.
READ NEXT
EDITORS' PICK
