The Philippines Anti-Money Laundering Council (AMLC) has secured a court order freezing over 100 financial accounts and assets linked to a lawmaker and multiple entities suspected of corruption, plunder, and irregularities in flood control projects. The freeze encompasses 86 bank accounts, four investment accounts, one insurance policy, and 25 virtual asset wallets.
The AMLC reported that funds were routed through multiple virtual asset service providers and various crypto wallets, complicating tracking efforts. The identities of the lawmaker and other individuals involved have not been disclosed as the investigation continues.
Philippines AMLC Freezes 25 Crypto Wallets and 100+ Accounts in Corruption Probe
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