Joselito Malig

Article (news)

Dennis Gasgonia

ABS-CBN News

<p>MANILA - The Anti-Money Laundering Council (AMLC) has secured a new freeze order from the Court of Appeals, aiming at a wide array of assets allegedly tied to anomalous flood control projects.</p><p>The order covers a total of 592 bank accounts, three insurance policies, 73 motor vehicles, and 18 real properties belonging to other individuals and contractors linked with the irregular flood control projects. </p><div><a href="https://www.abs-cbn.com/news/business/2025/9/16/gov-t-freezes-bank-accounts-of-contractors-in-flood-control-controversy-1627"><strong>Gov&#x27;t freezes bank accounts of contractors tagged in flood control projects controversy</strong></a></div><p> &quot;The sheer magnitude of assets involved reflects the alarming scope of corruption tied to these flood control projects,&quot; AMLC Executive Director Atty. Matthew M. David said in a statement. </p><p>&quot;This freeze order marks another step toward the filing of appropriate civil and criminal cases against those found to have laundered illicit proceeds.&quot;</p><p> The AMLC said the freeze order is part of its mandate to trace, preserve, and recover assets derived from unlawful activities. </p><div><a href="https://www.abs-cbn.com/news/business/2025/8/29/amlc-looking-into-names-in-anomalous-infra-projects-1709"><strong>AMLC looking into names in &#x27;anomalous&#x27; infra projects</strong></a></div><p> The council said it will continue to coordinate with relevant government agencies to investigate the frozen accounts and identify additional assets that may be subject to future legal action. </p><p>This development follows earlier enforcement actions and signals the AMLC&#x27;s efforts to strengthen the country&#x27;s anti-money laundering framework and ensure accountability in public infrastructure spending.</p><div><br/></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/BIfrCCgvFL4?&amp;embeds_referring_euri=https%3A%2F%2Fwww.abs-cbn.com%2F&amp;source_ve_path=MjM4NTE&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The order covers a total of 592 bank accounts, three insurance policies, 73 motor vehicles, and 18 real properties belonging to individuals and contractors linked with the irregular flood control projects.</p>

The order covers a total of 592 bank accounts, three insurance policies, 73 motor vehicles, and 18 real properties belonging to individuals and contractors linked with the irregular flood control projects.

AMLC gets new freeze order on 592 bank accounts linked to anomalous flood control projects

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AMLC gets new freeze order on 592 bank accounts linked to anomalous flood control projects

Dennis Gasgonia,

ABS-CBN News

Published Sep 19, 2025 10:31 PM PHT

Read More:

Anti-Money Laundering Council

Flood Control mess

Feeeze order

Court of Appeals

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