MANILA, Philippines–The Anti-Money Laundering Council (AMLC) has approved a freeze order on bank accounts and other assets of the Communist Party of the Philippines (CPP) and its armed wing, the New People’s Army (NPA) Justice Secretary Menardo Guevarra said Sunday.
“Per ED (Executive Director) (Mel) Racela, the AMLC approved its freeze order against the CPP-NPA and other designated terrorist groups last Dec. 23,” Guevarra told reporters.
“The AMLC can already move in the premises at any time after due designation by the ATC,” he added.
The freeze order followed after the CPP-NPA was classified as terrorists by the Anti-Terrorism Council (ATC).
But Guevarra did not divulge t…
Keep on reading: AMLC OKs freeze order on CPP-NPA bank accounts, assets