Anti-Money Laundering Council Resolution No. 457 dated 29 December 2004
CIRCULAR LETTER Series of 2005
To All Banks and Non-Bank Financial! Institutions Under BSP Supervision
Pursuant to Anti-Money Laundering Council Resolution No. 457 dated 29 December 2004 (copy attached), you are hereby directed to check carefully for offices or financial assets of, and submit directly to the Council reports of covered or suspicious transactions, if any, involving the Al-Muntada Al-Islamic Organization (AMAI), a.k.a. Al-Muntada Al Islami Trust, and its officers and employees.
The AMAl is a non-government organization (NGO) with offices in Madison, Wisconsin, USA, Riyadh, Kingdom of Saudi Arabia, London, England, Nairobi, Kenya, the Philippines and many other offices around the world. In recent reports, said NGOhas become the focus of allegations linking it to terrorist financing and terror operations conducted by or on behalf of the Al-Qaeda network.
For your strict compliance.
ALBERTO V. REYES Deputy Governor
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