NATIONAL
Advocates Philippines
Massive Expansion: AMLC Freezes More Assets In Flood Control Fund Scandal
Photo credit: Congress PH
The nation’s anti-graft drive just got a major boost.
The Anti-Money Laundering Council (AMLC) has successfully secured a third freeze order from the Court of Appeals, significantly widening its crackdown on suspected money laundering tied to the controversial flood control project funds. This latest move is the most extensive yet since the probe began.
Issued on September 30, 2025, the order covers a vast and varied array of assets potentially linked to the individuals and entities under investigation. Now frozen are an additional 836 bank accounts, 12 e-wallets, 24 insurance policies, 81 motor vehicles, and 12 real estate properties.
AMLC Executive Director Atty. Matthew M. David emphasized that this action is crucial for disrupting the flow of ill-gotten wealth. "By freezing a wide range of assets such as bank accounts, e-wallets, vehicles, and properties, the AMLC is directly disrupting the financial channels used in corrupt activities," he stated.
"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," Atty. David added.
This new directive builds upon two earlier orders. Combined, the AMLC has now immobilized a staggering total of 1,563 bank accounts, 54 insurance policies, 154 vehicles, 30 properties, and 12 e-wallets.
As the investigation continues to unfold, the total estimated value of the frozen assets has reached P2.9 billion, a figure that officials expect to grow.
The AMLC is assuring the public of its commitment to transparency and is actively collaborating with other government agencies to safeguard public funds and ensure they are used appropriately.
The Anti-Money Laundering Council (AMLC) has successfully secured a third freeze order from the Court of Appeals, significantly widening its crackdown on suspected money laundering tied to the controversial flood control project funds. This latest move is the most extensive yet since the probe began.
Issued on September 30, 2025, the order covers a vast and varied array of assets potentially linked to the individuals and entities under investigation. Now frozen are an additional 836 bank accounts, 12 e-wallets, 24 insurance policies, 81 motor vehicles, and 12 real estate properties.
AMLC Executive Director Atty. Matthew M. David emphasized that this action is crucial for disrupting the flow of ill-gotten wealth. "By freezing a wide range of assets such as bank accounts, e-wallets, vehicles, and properties, the AMLC is directly disrupting the financial channels used in corrupt activities," he stated.
"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," Atty. David added.
This new directive builds upon two earlier orders. Combined, the AMLC has now immobilized a staggering total of 1,563 bank accounts, 54 insurance policies, 154 vehicles, 30 properties, and 12 e-wallets.
As the investigation continues to unfold, the total estimated value of the frozen assets has reached P2.9 billion, a figure that officials expect to grow.
The AMLC is assuring the public of its commitment to transparency and is actively collaborating with other government agencies to safeguard public funds and ensure they are used appropriately.
Sep 30, 2025
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