Suspicious and covered transactions involving any terrorist individual(s), organizations or groups named in the United States Government's and Government of Italy's list of Al Qaida/UBL-linked terrorist and terrorist-related institutions

MEMORANDUM Series of 2002

TO: TO ALL BANKS AND OFF-SORE BANKING UNITS

For your information, quoted hereunder is Resolution No. 132 dated September 11, 2002 of the Anti-Money Laundering Council (AMLC), created under the provisions of Republic Act (R.A.) No. 9160, otherwise known as the Anti-Money Laundering Act of 2001(AMLA).

"Resolution No. 132, Series of 2002

The Council, by unanimous vote, decided as follows:

WHEREAS, the United States of America and the Government of Italy issued a list of Al Qaida/UBL-linked terrorist and terrorist-related institutions.

WHEREAS, Sections 2, 7(8) and 13 (a) & (b) of the Anti-Money Laundering Act of 2001 (AMLA) and Rule 7.2 (8) and Rule 13.1 and 13.2 of the Implementing Rules and Regulations authorize the Council to receive and take action in respect of any request made by a foreign state for assistance in the investigation and prosecution of money laundering offense, anti-terrorism and terrorist financing as well as in tracking down, freezing, restraining and seizing assets alleged to be proceeds of any unlawful activity and the giving of information needed by the foreign state within the procedures laid down in the AMLA.

RESOLVED:

1. To require the supervising authorities under AMLA, namely the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC) and the Insurance Commission (IC) to disseminate among covered institutions under their respective jurisdictions, the United States Government's and the Government of Italy's list of Al Qaida/UBL-linked terrorist and terrorist-related institutions.

2. To require said supervising authorities to direct the covered institutions under their respective jurisdictions to submit covered transaction reports and suspicious transaction reports involving any terrorist individual(s), organizations or groups listed therein directly to the Council, in accordance with Sections 7 and 9 of the AMLA, Rules 5.2, 5.3, 5.4 and 9.3 of the IRRs of the AMLA and other related or applicable rules, regulations, circulars and operating manuals promulgated by the supervising authorities.

September 11, 2002, Manila, Philippines.

(SGD.) RAFAEL B. BUENAVENTURA Chairman (Governor, Bangko Sentral ng Pilipinas)

(SGD.) FE ELOISA C. GLORIA Officer-In-Charge (Securities and Exchange Commission)

(SGD.) EDUARDO T. MALINIS Member (Chairman, Insurance Commission)"

Pursuant to the foregoing resolution, all banks and off-shore banking units concerned shall file with the Anti-Money Laundering Council the necessary reports of suspicious and covered transactions involving any terrorist individual(s), organizations or groups named in the United States Government's and Government of Italy's list of Al Qaida/UBL-linked terrorist and terrorist-related institutions in accordance with Rules 5.3 and 9.3 of the IRRs of the AMLA and other related or applicable rules, regulations, circulars and operating manuals promulgated by the supervising authorities.

RAFAEL B. BUENAVENTURA Governor