AMLC exec steps aside amid flood control probeMANILA, Philippines — The Anti-Money Laundering Council (AMLC) is undergoing a leadership transition as it continues to pursue one of its largest investigations in recent years, involving alleged corruption in flood control projects. The transition comes at a critical time, as the AMLC leads financial investigations into irregularities in flood control projects, where billions of pesos in public funds have been flagged for misuse. It has already filed three civil forfeiture cases before a Manila court covering assets tied to alleged anomalies in flood control projects. ?The funds will be cascaded to implementing units across 17 regions, enabling the timely payment of completed and ongoing infrastructure projects. DBM Secretary Rolando Toledo said the fund release is part of the Marcos administration’s strategy to keep infrastructure projects on track while stimulating economic activity.

Source: Philippine Star March 25, 2026 16:37 UTC