Anti-Money Laundering Council (AMLC) Resolution No. 101 dated 19 December 2007

CIRCULAR LETTER NO. CL-2008-012

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

Subject    : Anti-Money Laundering Council (AMLC) Resolution No. 101 dated 19 December 2007

Pursuant to Anti-Money Laundering Council Resolution No. 101 dated 19 December 2007, you are hereby informed that on 9 October 2007, the 1267 UN Security Council Committee added the names of Abdul Rahim Al-Talhi, Muhammad ‘Abdallah Salih Sughayr and Fahd Muhammad ‘Abd Al-‘Aziz Al-Khasiban to the consolidated list of entities and individuals associated with the Al-Qaida, the Taliban or Usama bin Ladin subject to UN Security Council-mandated sanctions for their being associated with terrorists.

Under the same resolution, all covered institutions are required to submit within five (5) days from receipt of copy of said resolution, reports of covered or suspicious transaction, if any, involving Abdul Rahim Al-Talhi, Muhammad ‘Abdallah Salih Sughayr and Fahd Muhammad ‘Abd Al-‘Aziz Al-Khasiban or by persons acting on their behalf.

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 individuals.

For your guidance and strict implementation.

NESTOR A. ESPENILLA, JR. Deputy Governor

Att: A/S