BSP probes bank accounts tied to flood control corruption

This comes after a department secretary filed an official request.

The Philippine central bank has launched an inquiry into bank accounts of individuals implicated in a flood control corruption controversy.

In a press release, the Bangko Sentral ng Pilipinas (BSP) said that this move follows an official request filed by Vince Dizon, secretary of the Department of Public Works and Highways (DPWH).

The inquiry falls under the Anti Financial Account Scamming Act (RA12010 or AFASA), which came into force in June 2025.

AFASA states that using a financial account to obtain, receive, deposit, transfer, or withdraw proceeds known to be derived from crime is considered money muling.

The Philippines has recently been embroiled in a flood corruption scandal. Anomalies were allegedly found in several flood control infrastructure projects— amounting to billions of dollars— with the structure itself reportedly being non-existent, or using substandard materials.