Anti-Money Laudering Council (AMLC) Resolution No. 86 dated 26 November 2008

CIRCULAR LETTER NO. CL-2008-079

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

Subject: Anti-Money Laudering Council (AMLC) Resolution No. 86 dated 26 November 2008

Pursuant to Anti-Money Laundering Council Resolution No. 86 dated 26 November 2008 (copy attached), you are hereby informed that on 10 October  2008, the United Nations Security Council Al-Qaida and Taliban Sanctions Committee approved the addition of Khalifa Muhammad Turki Al-Subaiy, Abd Al-Rahman Muhammad Jaffar Ali and Adil Muhammad Mahmud Adb Al-Kaliq 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.

Under the same resolution all covered institutions are directed to submit to the Council reports of covered or suspicious transactions, if any, involving Khalifa Muhammad Turki Al-Subaiy, Abd Al-Rahman Muhammad Jaffar Ali and Adil Muhammad Mahmud Adb Al-Kaliq.

In accordance with Section 7(1) of R.A. No. 9160, as amended, otherwise known as the Anti-Money Laundering Act (AMLA) of 2001, and Rule 13.7.2 of the Revised Implementing Rules and Regulations of said law, all covered institutions are directed to submit to the AMLC reports of covered or suspicious transactions, if any, involving the above-named individuals.

For your guidance and strict implementation.

NESTOR  A. ESPENILLA, JR. Deputy Governor

15 December 2008