2017-2018 Anti-Money Laundering Council (AMLC) ANNUAL REPORT
The AMLC released an annual report (AR), covering its performance and activities for the years 2017 and 2018.
The AR chronicles the AMLC as a hybrid type of financial intelligence unit (FIU), showing that, in addition to the core functions of an FIU, the AMLC also performs investigative, prosecutorial, and supervisory functions with overarching support services. The report details that as of 2018, the AMLC has frozen PhP1,718,386,789 worth of assets; and forfeited PhP1,009,116,707 worth of assets.
The AR also discusses the Second National Risk Assessment, the National AML/CFT Strategy and the Third Mutual Evaluation of the Philippines.