The Anti-Money Laundering Council (AMLC) has filed civil forfeiture petitions at the Manila Regional Trial Court targeting properties of individuals and corporations implicated in ghost flood control projects, while securing asset preservation orders to protect frozen assets. “Following the extensive investigation and finding of probable cause, the AMLC filed three petitions for civil forfeiture before the Regional Trial Court (RTC) …
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The Market Monitor Minding the Nation's Business