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MANILA, Philippines – The Anti-Money Laundering Council (AMLC) approved an order freezing bank accounts and other assets of the Communist Party of the Philippines (CPP) and its armed wing, the Secretary of Justice of the New People’s Army (NPA) Menardo Guevarra said Sunday.
“According to ED (Executive Director) (Mel) Racela, the AMLC approved its freezing order against the CPP-NPA and other designated terrorist groups on December 23,” Guevarra told reporters.
“AMLC can now move into the facility at any time after proper designation by ATC,” he added.
The freezing order followed after the CPP-NPA was classified as a terrorist by the Anti-Terrorism Council (ATC).
But Guevarra did not disclose the details of the freeze order: which bank accounts, how many bank accounts, number of deposits and other assets are covered.
The Secretary of Justice is part of the ATC. He is the president of the technical working group that prepared the Rules and Regulations for the Implementation of the Antiterrorist Law.
Under the Anti-Terrorism Act, the AMLC has the authority to issue a 20-day freeze order on bank accounts and assets of individuals or groups suspected of committing or supporting terrorist activities.
The law allows the AMLC to examine the bank accounts of individuals and groups identified as terrorists.
RELATED STORY:
ATC ‘designates’ CPP-NPA as terrorist organizations
/ MUF
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