AMLC forfeited P911M in 2017

The Anti-Money Laundering Council has civilly forfeited criminal proceeds totaling P911,869,247.40 as of year-end 2017, according to the executive summary of an annual audit report of the Commission on Audit (CoA) on the AMLC for 2017.

The sum includes P48,856,022.69, which was “Forfeited and remitted to the Philippine Government,” P100,879,947.48 which was “Forfeited and Turned Over to the Ombudsman,” P721,825,058.50 which was “Forfeited and Returned to the Victims” and P40,308,218.73 which was “Forfeited but Pending Execution.”