Atty. Dale Mordeno of Mordeno Law Office outlined the regulatory mechanisms of the Anti-Money Laundering Council regarding large financial transactions amid the ongoing impeachment trial.
Mordeno clarified that the AMLC cannot unilaterally declare funds illicit without a formal complaint or predicate offense verification.
He explained that statutory agency procedures limit action to issuing temporary freeze orders and initiating forfeiture proceedings when funds are tied to security or legal violations, noting the legal hurdles involved in pursuing financial charges against high-ranking public officials.
