Anti-Money Laundering Council Resolution No. 65 dated 22 June 2009

CIRCULAR LETTER NO. CL-200-048

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

Subject: Anti-Money Laundering Council Resolution No. 65 dated 22 June 2009

The Anti-Money Laundering Council (AMLC), in the exercise of its authority under Section 7(1) of the Anti-Money Laundering Act of 2001, as amended, and Rule 13.7.2 of the Revised Implementing Rules and Regulations, issued Resolution No. 65 dated 22 June 2009 directing all covered institutions to submit to the AMLC reports of covered or suspicious transactions, if any, involving BEKKAY HARRACH. The basis of the AMLC Resolution was the Security Council Al-Qaida and Taliban Sanctions Committee approval on 27 May 2009 of the addition of BEKKAY HARRACH to its Consolidated List of individuals and entities subject to the asset 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. Attached is a copy of AMLC Resolution No. 65 dated 22 June 2009 for your guidance and strict implementation.

NESTOR A. ESPENILLA, JR. Deputy Governor