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“The magnitude of these transactions, especially during the COVID-19 pandemic, suggests a deliberate effort to conceal illegal proceeds through various business operations and bank accounts”
Alice Guo’s involvement with POGOs and the subsequent legal actions against her have unveiled a complex web of alleged criminal activities, ranging from human trafficking to large-scale money laundering. The controversy gained traction following the raid of Hongsheng Gaming Technology in 2023, which led to the discovery of human trafficking and serious illegal detention linked to the operations. Despite the closure of Hongsheng, Zun Yuan quickly replaced it, only to be shut down in 2024 under similar accusations.
AMLA Section 10: Allows the CA to issue a freeze order on assets upon a verified ex parte petition from the AMLC, provided there is probable cause that the assets are related to unlawful activities.Republic vs. Sandiganbayan : The court upheld the authority of the AMLC to freeze assets suspected of being tied to unlawful activities.
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