Philippines Freezes Bank Accounts of Communist Party’s Political Wing

The Philippines this week froze bank accounts linked to the political wing of the country’s outlawed communist party, which has been waging a 52-year-long insurgency, after the government designated it a terrorist group.

A resolution issued by the Anti-Money Laundering Council on Monday covers any property or funds owned or controlled by the National Democratic Front (NDF), the party’s political wing, including connected accounts, officials said.

“All persons,...