Showing posts with label Funding. Show all posts
Showing posts with label Funding. Show all posts

Monday, June 5, 2017

Philippine Marines Seized ₱79 Million ISIS Terrorism Funding in Cash and Checks in Marawi City

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After the inventory, the money and checks were turned over to the Joint Task Force Marawi for safekeeping.Photo: CNN Philippines

 ₱27 million-worth of checks bears the issuing bank and the bank account owner could answer who funded the terrorism.

Terrorism Funding in the Philippines

The Philippine Marines recovered ₱52 million in cash in a house in Marawi City.

During a clearing operation near Mapandi Bridge on Monday afternoon, the Marines discovered the money and ₱27 million-worth of checks.

The Marines reported the house was an abandoned machine gun position of the armed terror group Maute.

After the inventory, the money and checks were turned over to the Joint Task Force Marawi for safekeeping.

The Maute group has been battling government troops since May 23 in Marawi City, reportedly to protect the "emir" or leader of ISIS in the Philippines, Isnilon Hapilon, who is believed to be in the area.

Hapilon is allegedly working with the Maute group to establish a "wilayat," or caliphate of ISIS in Lanao del Sur.

The ongoing violence in Marawi forced President Rodrigo Duterte to declare martial law and suspend the privilege of the writ of habeas corpus over the entire Mindanao region on May 23.

Checks a Key - Who funded Terrorism in in the Philippines?

The recovered ₱52 million in cash in a house in Marawi City where the abandoned machine gun position of the armed terror group Maute found could not tell who give the cash and who funded the terrorism in the Philippines but the ₱27 million-worth of checks bears the issuing bank and the bank account owner could answer who funded the terrorism.

Philippine Banking system is strictly following the high standard requirements through the mandate of the Banko Sentral ng Pilipinas and the Law that protect every account holder  for their privacy and safety.

With the existing Martial law in the entire island of Mindanao, in which the Military has full jurisdiction in the place where the checks was discovered, the issuing bank and the account holder at this point would be disclosed easily with lesser interference from any government agency to protect the privacy of the account holder.

Who is the account holder and who funded the terrorism in the Philippines?

With report from CNN Philippines.

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