AMLC forfeits P902-M dirty money seized in 2017 | Inquirer News

AMLC forfeits P902-M dirty money seized in 2017

/ 07:13 AM April 21, 2018

The Anti-Money Laundering Council (AMLC) forfeited or frozen P901.82 million in dirty money in 2017, including at least P52 million in cash seized by the military during the Marawi siege.

According to the Commission on Audit’s annual audit report, the AMLC disclosed to state auditors the issuance of Resolution Nos. TF-09 and T-10 for the freeze order on “all the bank accounts and other assets owned and controlled by the Maute Group.”

This included the P52 million recovered by troops from “a Maute-Abu Sayyaf-controlled area” in June last year, weeks after Marawi City was engulfed in armed conflict—VINCE F. NONATO

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TAGS: AMLC, dirty money, Marawi

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