PHI FIU issued resolution no. TF-35, series of 2021, to implement necessary targeted financial sanctions (TFS) on designations made by the anti-terrorism council (ATC).
Resolution
Repeals resolution TF-01, TF-02, series of 2012; previous freeze orders will continue but will now be based on the anti-terrorism act of 2020 and ATC resolution no. 10.
Directs all covered persons and government agencies to freeze funds and other assets that are owned or controlled by the entities designated in the UN consolidated list.
Those who deal with property or funds owned or controlled by a designated entities, or makes available property or funds to designated entities, will be criminally charged.
Effectiveness
Resolution is effective upon completion of its publication.
