Anti-Money Laundering Council Resolution No. 19

CIRCULAR LETTER Series of 2005

To:  ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS UNDER BSP SUPERVISION

Pursuant to Anti-Money Laundering Council Resolution No. 19 (Series of 2005) dated 16 March 2005, copy attached, you are hereby directed to check carefully for the assets of Muhsin Al-Fadhli a.k.a. Muhsin Fadhil, Ayyid Al Fadhli, Abu Majid Samiyah, Abu Samia, a Kuwait-based Al-Qaida leader who has acted for or on behalf of Al-Qaida and Abu Musa’ab Al-Zarqawi, and to freeze the same should any be found.

Muhsin Al-Fadhli is second in command for a leader in Al-Qaida network and not only fought alongside the Taliban and Al-Qaida in Afghanistan, but also fought against the Russian forces in Chechnya. He also raised money for an October 2002 attack against the French ship MV Limburg off the coast of Yemen. He was also identified as one of the three perpetrators involved in an attack against US Marines on Faylaka Island, Kuwait on 8 October 2002.

In accordance with Sections 7 and 9 of the Anti-Money Laundering Act, you are hereby directed to submit directly to the Council reports of covered or suspicious transactions, if any, involving Muhsin Al-Fadhli.

For your guidance and strict compliance.

ALBERT0 V. REYES Deputy Governor