AMLC wins court approval to forfeit funds linked to ISIS financier
A Manila court has approved the forfeiture of approximately ₱220,000 linked to Abdulpatta Escalon Abubakar, an individual identified as a financier for ISIS and the Abu Sayyaf Group. The funds were seized following an investigation into terrorism financing activities involving transfers from Saudi Arabia to the Philippines.
Why it matters
This case demonstrates the effectiveness of international financial intelligence and legal frameworks in disrupting terrorist funding networks.
Manila Bulletin - AMLC wins court approval to forfeit funds linked to ISIS financier
AMLC wins court approval to forfeit funds linked to ISIS financier
The Anti-Money Laundering Council (AMLC) has secured the forfeiture of nearly ₱220,000 in funds linked to terrorism financing in favor of the government, following a favorable decision by a Manila court.
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