Philippines
Odaily
Over 100 Accounts and Virtual Asset Wallets Frozen as Philippines' Anti-Money Laundering Council Obtains Court Freeze Order
- AMLC secured a court-issued freeze order covering more than 100 bank accounts and virtual asset (crypto) wallets suspected of money laundering.
- The frozen assets are allegedly linked to proceeds from fraud and scam-related illicit activity routed through both traditional and crypto financial channels.
- The case highlights the Philippines' increasing regulatory focus on virtual asset service providers and wallets as conduits for laundering illicit funds.