Anti-Money Laundering Council (AMLC), Resolution No. 383 dated 28 June 2004

CIRCULAR LETTER Series of 2004

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

The Anti-Money Laundering Council (AMLC), in its Resolution No. 383 dated 28 June 2004, copy attached, request your cooperation to the call of the United States Government, thru the attached letter of the US Embassy, Manila dated 7 June 2004 addressed to BSP Governor Rafael B. Buenaventura, to freeze all assets of the following individual and entities which are suspected of supporting and financing terrorist activities:

Assad Ahmad Barakat (‘Barakat”) (a.k.a. Assad Ahmad Barakat, Assad Hassan Barakat, Assad Barakat, Jach Assad Ahmad Barakat, Hajj As’ad Ahmad, Assad Ahmed Muhammad Barakat

Casa Apollo, Ciudad del Este, Paraguay

Barakat Import Export, Iquique, Chile

Pursuant to said Resolution, you are hereby directed to submit directly to the AMLC reports of covered and suspicious transactions, if any, involving the above-named individual and terrorist foundations.

For your strict compliance.

ALBERTO V. REYES Deputy Governor