Suspicious and covered transactions involving Mr. Julaidan

MEMORANDUM Series of 2002

TO: ALL BANKS AND OFF-SHORE BANKING UNITS

For your information, quoted hereunder is Resolution No. 137 dated September 25, 2002 of the Anti-Money Laundering Council (AMLC), created under the provisions of Republic Act (R.A.) No. 9160, otherwise known as the Anti-Money Laundering Act of 2001 (AMLA). "Resolution No. 137, Series of 2002

The Council, by unanimous vote, decided as follows:

WHEREAS, the United States Government has earlier issued a list of Al Qaida/UBL-linked terrorist and terrorist-related institutions.

WHEREAS, the United States Government submitted to United Nations (UN) for inclusion in its list of Al Qaida linked individuals, Saudi Citizen Wa'El Julaidan.

WHEREAS, the Government of Saudi Arabia has separately written the UN Security Council asking that Saudi Citizen Wa'El Julaidan be added to the asset freeze list.

WHEREAS, Sections 2, 7(8) and 13 (a) & (b) of the Anti-Money Laundering Act of 2001 (AMLA) and Rule 7.2 (8) and Rule 13.1 and 13.2 of the Implementing Rules and Regulations authorize the Council to receive and take action in respect of any request made by a foreign state for assistance in the investigation and prosecution of money laundering offenses, anti-terrorism and terrorist financing as well as in tracking down, freezing, restraining and seizing assets alleged to be proceeds of any unlawful activity and the giving of information needed by the foreign state within the procedures laid down in the AMLA.

RESOLVED:

1. To require the supervising authorities under AMLA, namely the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC) and the Insurance Commission (IC) to disseminate among covered institutions under their respective jurisdictions, the inclusion of Saudi Citizen Wa'El Julaidan in the UN list of Al Qaida linked individuals.

2. To require said supervising authorities to direct the covered institutions under their respective jurisdictions to submit covered transaction reports and suspicious transaction reports involving Saudi Citizen Wa'El Julaidan directly to the Council, in accordance with Sections 7 and 9 of the AMLA, Rules 5.2, 5.3, 5.4 and 9.3 of the IRRs of the AMLA and other related or applicable rules, regulations, circulars and operating manuals promulgated by the supervising authorities.

September 25, 2002, Manila, Philippines.

(SGD.) ARMANDO L. SURATOS Acting Chairman (Officer-In-Charge, Bangko Sentral ng Pilipinas)

(SGD.) LILIA R. BAUTISTA Member (Chairman, Securities and Exchange Commission)

(SGD.) EDUARDO T. MALINIS Member (Chairman, Insurance Commission)"

Pursuant to the foregoing resolution, all banks and off-shore banking units concerned shall file with the Anti-Money Laundering Council the necessary reports of suspicious and covered transactions involving Mr. Julaidan in accordance with Rules 5.3 and 9.3 of the IRRs of the AMLA and other related or applicable rules, regulations, circulars and operating manuals promulgated by the supervising authorities.

ARMANDO L. SURATOS Officer-In-Charge