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AMLC ramps up crackdown, freezes P4.1 B in 3 years
The Philippine Star
|March 31, 2025
The Anti-Money Laundering Council (AMLC) has significantly ramped up its enforcement efforts over the last three years as data revealed a surge in financial intelligence operations, asset seizures and legal actions.
In a report, the AMLC said it conducted 632 investigations from 2021 to 2024, slightly higher than the 623 probes it did from 2019 to 2022.
However, the financial impact of these investigations was significantly greater. The total value of frozen assets rose by 8.9 percent to P4.15 billion (2021 to 2024) from P3.81 billion (2019 to 2022). Assets subject to civil forfeiture also saw a seven-fold jump to P7.01 billion from P1.01 billion previously.
The number of cases and complaints related to money laundering and terrorism financing also rose dramatically. The AMLC filed 72 money laundering cases and 186 complaints from 2021 to 2024, nearly doubling the 38 cases and 38 complaints in 2019 to 2022.
Esta historia es de la edición March 31, 2025 de The Philippine Star.
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