The Anti-Money Laundering Council (AMLC) secured the conviction of three individuals in separate money laundering cases involving illegal investment solicitation in Davao City and Zamboanga City.
In Davao, one individual was convicted on 13 counts of money laundering linked to violations of the Securities Regulation Code and was sentenced to seven years to eight years and one month in prison and fined ₱3 million for each count.
The case involved a religious organization and its founders accused of illegally soliciting investments from the public without proper authority.
In Zamboanga City, two individuals connected to a trading company were convicted of violating the Anti-Money Laundering Act after allegedly soliciting investments while promising exorbitant returns without the required SEC registration and license.
Each was sentenced to four to six years in prison and fined ₱1.5 million.
Source: PhilNews24 | August 25, 2026
