Anti-Money Laundering Council (AMLC) Resolution No. 91 dated 28 November 2008
CIRCULAR LETTER NO. CL-2008-077
To: All Banks and Non-Bank Financial Institutions Under BSP Supervision
Subject: Anti-Money Laundering Council (AMLC) Resolution No. 91 dated 28 November 2008
Pursuant to Anti-Money Laundering Council Resolution No. 91 dated 26 November 2008 (copy attached), you are hereby informed that on 12 November 2008, the United Nations Security Council Al-Qaida and Taliban Sanctions Committee approved the addition of Redouane El Habhab to its Consolidated List of individuals and entities subject to the assets 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 Redouane El Habhab.
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 person.
For your guidance and strict implementation.
NESTOR A. ESPENILLA, JR. Deputy Governor
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