Anti-Money Laundering Council Resolution No. 62
CIRCULAR LETTER Series of 2005
TO All Banks and Non-Bank Financial Institutions Under BSP Supervision
Pursuant to Anti-Money Laundering Council Resolution No. 62 (Series of 2005) dated 13 June 2005, copy attached, you are hereby directed to check carefully for the assets of Elehssan Society, the fund raising arm of Palestinian Islamic Jihad (PIJ). Aside from being the financial conduit of PIJ, the Elehssan Society is likewise used to recruit for PIJ’s operational cadre and suicide bombers.
The PIJ has been designated as a Specially Designated Global Terrorist by the US Government on account of its involvement in terrorist activities like murder, extortion money laundering, fraud and misuse of visas. It was also implicated in authorizing the 25 February 2005 terrorist attack in Tel Aviv.
In accordance with Sections 7 and 9 of the Anti-Money Laundering Act, as amended, and Rule 9.3 of the Revised implementing Rules and Regulations, you are hereby directed to submit directly to the Council reports of covered or suspicious transactions, if any, involving the Elehssan Society.
For your guidance and strict implementation.
MA. DOLORES B. YUVIENCO Sector-in-Charge
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