Anti-Money Laundering Council (AMLC) Resolution No. 65 dated 20 August 2008
CIRCULAR LETTER NO. CL-2008-058
To : All Banks and Non-Bank Financial Institutions Under BSP Supervision
Subject : Anti-Money Laundering Council (AMLC) Resolution No. 65 dated 20 August 2008
Pursuant to Anti-Money Laundering Council (AMLC) Resolution No. 65 dated 20 August 2008 (copy attached), all covered institutions are hereby informed that on 03 July 2008, the United Nations Security Council (UNSC) 1267 Committee approved the inclusion of YAHIA DJOUADI, ABID HAMMADOU, SALAH GASMI and AHMED DEGHDEGH in the UNSC Consolidated List of individuals and entities associated with Usama Bin Laden, the Taliban, Al Qaida, and 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.
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 persons.
For your guidance and strict compliance.
NESTOR A. ESPENILLA, JR. Deputy Governor
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