Malacañang to stop CPP-NPA financiers amid Philippine dirty money grey-listing

From GMA News (Jun 28, 2021): Malacañang to stop CPP-NPA financiers amid Philippine dirty money grey-listing (By LLANESCA T. PANTI)

Malacañang on Monday said it would stop financiers of the Communist Party of the Philippines and its armed wing, the New People’s Army.

Presidential spokesperson Harry Roque made the response when asked on measures that the Philippine government plans to take due to the Financial Action Task Force including the country in its grey list for “under increased monitoring to counter money laundering and terrorist financing.”

The Financial Action Task Force is an international organization that coordinates global efforts to crack down on money laundering and terrorism financing, said nations on the list are working with it to correct deficiencies in their financial systems.

“Well, obviously po, iyong CPP-NPA na terrorist group, mayroon pa ring pondo, so kinakailangan talaga, isarado natin kung sana nanggagaling iyong mga pondo nila,” Roque said. (The CPP-NPA has funds, so we need to shut down their fund sources.)

https://www.gmanetwork.com/news/news/nation/793233/malacanang-to-stop-cpp-npa-financiers-amid-philippine-dirty-money-grey-listing/story/?just_in