AMLC freezes alleged terrorist’s assets
MANILA, Philippines — The Anti-Money Laundering Council (AMLC) has ordered financial institutions and government agencies to freeze the bank accounts and assets of a person tagged as a terrorist by the Anti-Terrorism Council (ATC).
The financial intelligence unit issued a freeze order for the assets of Mely Vidor de la Cruz Fajurano.
Pursuant to Fajurano’s designation as a terrorist by the ATC, financial institutions and government agencies should freeze her funds and properties without delay.
Under the Terrorism Financing Prevention and Suppression Act, government agencies such as the Land Transportation Office, Land Registration Authority, Registry of Deeds, Maritime Industry Authority and Civil Aviation Authority of the Philippines are mandated to freeze the assets of persons or groups designated as terrorists by the ATC.
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