AMLO opens registration for iCon Group victims ahead of asset seizure
People have until February 17 to register for compensation on AMLO’s website and are required to present police complaints and proof of transactions
The Anti-Money Laundering Office (AMLO) has started collecting the names of victims who fell prey to the iCon Group’s alleged pyramid scheme.
The AMLO announced in the Royal Gazette earlier this week that victims can start registering in its website from Wednesday until February 17.
It also said that once the Department of Special Investigation (DSI) tracks down the iCon Group and its 18 executives’ assets, it will inform AMLO, which will then ask the court to seize the assets and sell them to pay back the victims.
The compensation will be based on the value of the seized assets and the amount of damage suffered by the victims.
To register, the victims should present a copy of their police complaint and their transactions with the iCon Group or its executives, who are currently under detention.
