Anti-Money Laundering Council (AMLC) Resolution No. 41 dated 10 May 2006

CIRCULAR LETTER NO. CL-2006-006

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

Subject: Anti-Money Laundering Council (AMLC) Resolution No. 41 dated 10 May 2006

Pursuant to  Anti-Money Laundering Council (AMLC) Resolution No. 41 dated 10 May 2006, you are hereby requested to check carefully for funds, financial assets or economic resources, including property or interest in property owned or controlled directky or indirectly by the following individuals:

Mr. Abd. Allah Mohamed Ragab Abdel Rahman;

Mr. Zaki Ezat Zaki Ahmed;

Mr. Mohamed Ahmed Shawki Al Islambolly;

Mr. Al Sayyid Ahmed Fathi Hussein Eliwah;

Mr. Ali Sayyid Muhamed Mustafa Bakri;

Mr. Mahdhat Mursi Al-Sayyid Umar;

Mr. Hanni Al-Sayyid Al-Sebai; and

Mr. Sajid Mohammed Badat.

In accordance with Sections 7 and 9 of the Anti-Money Laundering Act (AMLA), 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 suspiscious transactions, if any, involving the above-named individuals.

For your guidance and strict implementation.

NESTOR A. ESPENILLA, JR Deputy Governor