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AMLC can move to freeze assets of Reds, says Justice secretary


AMLC can move to freeze assets of Reds, says Justice secretary
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(FILE PHOTO)
Metro Manila (CNN Philippines, December 27) The government now has authority to freeze the assets of rebel groups, said Justice Secretary Menardo Guevarra on Sunday.
In a message, Guevarra said, The AMLC (Anti-Money Laundering Council) can already move in the premises at any time after due designation by the ATC (Anti-Terrorism Council). Per (Executive Director Mel) Racela, the AMLC approved its freeze order against the CPP-NPA and other designated terrorist groups last Dec. 23.
In a separate statement on Sunday, Racela said there are no accounts specifically under the name of the CPP/NPA, but the freeze order covers related accounts (RA). ....

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