The Anti-Money Laundering Council (AMLC) has secured Freeze Orders against the assets of an incumbent constitutional official and a former government official in connection with alleged anomalies in flood control projects.

In a press release on Wednesday, AMLC states the orders cover 230 bank accounts, 15 insurance policies, two helicopters, and one airplane worth around PHP 3.9 billion.

AMLC Executive Director Matthew M. David said the move allows for a deeper financial probe to uncover potential money laundering and ensure accountability.

“The issuance of the freeze orders will enable AMLC to pursue a more extensive financial investigation to uncover any possible money laundering scheme linked to the flood control projects,” said AMLC Executive Director Matthew M. David.

To date, AMLC has frozen 3,566 bank accounts, 198 insurance policies, 247 vehicles, 178 properties, and 16 e-wallets, totaling PHP 11.7 billion, with more expected following the latest orders.