Close  

Maute bank accounts frozen

By: - Reporter / @JLeonenINQ
/ 05:32 PM April 19, 2018

The Anti-Money Laundering Council (AMLC) has managed to secure a freeze order on all bank accounts and other assets owned by the Maute terrorist group.

The Commission on Audit (COA) said in a report that the AMLC issued Resolution Nos. TF-09 and TF-10 to freeze the terrorist group’s bank accounts, following an order from the Court of Appeals.

ADVERTISEMENT

The report stated that the group’s bank accounts included the P52 million recovered by Philippine troops from a Maute in the Abu Sayyaf-controlled area.

The COA said that an inquiry into the said bank accounts is ongoing.

FEATURED STORIES

Maute armed rebels had clashed with government troops for five months in Marawi City. The radical Islamist group based in Lanao del Sur had been fighting to transform the region into an Islamic state.

President Rodrigo Duterte announced that the city was liberated in October, marking the end of the siege. /ee

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Anti-money laundering, Anti-Money Laundering Council (AMLC), Commission On Audit (COA), Maute, Terrorism, terrorist group
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.