Anti-Money Laundering Council (AMLC) Resolution No. 30 dated 29 April 2009

CIRCULAR NO. CL-2009-040

To:  All Banks and Non-Bank Financial Institutions under BSP Supervision

Subject: Anti-Money Laundering Council (AMLC) Resolution No. 30 dated 29 April 2009

Pursuant to Anti-Money Laundering Council Resolution No. 30 dated 29 April 2009 (copy attached), you are hereby informed that on 15 April 2009, the Security Council Al-Qaida and Taliban Sanctions Committee approved the addition of ABDUL HAQ to its Consolidated List of Individuals and entities subject to the assets freeze, travel ban and arms embargo set out in paragraph 1 of Security Council resolution 1822 (2008) adopted under Chapter VII of the Charter of the United Nations.

Under the same resolution all covered institutions are directed to submit to the Council reports of covered or suspicious transactions, if any involving ABDUL HAQ.

In accordance with Sections 7 and 9 of the Anti-Money Laundering Act (AMLA) of 2001, as amended, and Rule 9.3 of the Revised Implementing Rules and Regulations, you are hereby directed to submit directly to the AMLC reports of covered and suspicious transaction, if any, involving the above-named individual.

For your guidance and strict implementation.

NESTOR A. ESPENILLA, JR. Deputy Governor