The Anti-Money Laundering Council (AMLC) has secured a Court of Appeals (CA) freeze order covering more than 100 financial accounts and other assets allegedly linked to a prominent lawmaker, a corporation, and several individuals and entities being investigated over alleged corruption, plunder, and anomalies in flood control projects.
In a resolution dated September 21, 2026, the CA issued the freeze order after finding probable cause that the covered assets were related to alleged plunder under Republic Act No. 7080, or the Plunder Law.
The order covers 86 bank accounts, four investment accounts, one insurance policy, and 25 virtual asset wallets, according to the AMLC. The council has not publicly identified the lawmaker, corporation, or other parties covered by the order.
The AMLC said its financial investigation found that the individuals involved had “no apparent operating revenues to support the scale of their investments.”
It also traced the movement of funds through multiple layers involving individual intermediaries, corporations, bank accounts, a money service business, and virtual asset platforms.
“The use of multiple recipients and financial channels complicated the tracing of the funds and increased their transactional distance from their alleged source,” the AMLC said.
The council said the transactions were traced to funds allegedly associated with corruption and plunder cases involving the lawmaker.
The investigation also highlighted the use of financial technology in the movement of suspected illicit funds. According to the AMLC, funds passed through virtual asset service providers and multiple virtual asset wallets, adding layers to the transactions and making the flow of money more difficult to trace.
The latest freeze order forms part of the government's continuing financial investigation into alleged irregularities involving flood control projects and suspected kickback schemes. A freeze order temporarily restrains covered assets from being withdrawn, transferred, or otherwise disposed of while authorities investigate their possible links to unlawful activities.
The AMLC said it will continue coordinating with partner agencies and financial service providers to identify, trace, restrain, and recover suspected illicit assets.
“The AMLC will continue working closely with partner agencies and financial service providers to identify, trace, restrain, and recover suspected illicit assets,” the council said, while stressing its efforts to prevent the misuse of traditional and emerging financial channels for corruption, money laundering, and other unlawful activities.
