Anti-Money Laundering Council (AMLC) Resolution No. 53 dated 27 June 2008

CIRCULAR LETTER NO. CL-2008-039

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

Subject : Anti-Money Laundering Council (AMLC)  Resolution No. 53 dated 27 June 2008

Pursuant to Anti-Money Laundering Council Resolution No. 53 dated 27 June 2008 (copy attached), you are hereby informed that on 21 April 2008, the United Nations Security Council Al-Qaida and Taliban Sanctions Committee approved the addition of the names of Suhayl Fatilloevich Buranov (SUHAYL) and Najmiddin Kamolitdinovich Jalolov (NAJMIDDIN) to its consolidated list of individuals and entities subject to the sanctions/measures outlined in subparagraphs (a), (b), and (c) of paragraph 1 of Security Council Resolution 1735 (2006).

Under the same resolution, all covered institutions are directed to submit to the Council, reports of covered or suspicious transactions, if any, involving Suhayl Fatilloevich Buranov and Najmiddin Kamolitdinovich Jalolov.

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 AMLC reports of covered and suspicious transactions, if any, involving the above named individuals.

For your guidance and strict implementation.

NESTOR A. ESPENILLA, JR. Deputy Governor