Lebanese Currency Exchange Facility (CEF) for Overseas Filipino Workers Returning from Lebanon

3 inas

INTERNATIONAL DEPARTMENT

CIRCULAR-LETTER NO. CL-2006- 023

To ALL BANKS

Subjiect: Lebanese Currency Exchange Facility (CEF) for Overseas Filipino Workers Returning from Lebanon

With regard to item No. 4 of Memorandum to All Banks No. 016 dated

transactions and suspicious transactions to the AMLC. 25 August 2006 containing the guidelines in the implementation of subject CEF, Authorized Agent Banks (AABs) offering similar currency exchange facilities are reminded to continue to comply with the provisions of the Republic Act 9160, otherwise known as the Anti-Money Laundering Act of 2001 (AMLA), as amended, particularly with the requirements on customer identification and due diligence, record-keeping and reporting of covered

Uhh CELIA M. GONZAE

Managing Director

3oAugust 2006

PANANALAPING MATATAG, BANSANG PANATAG

A. Mabini St., Malate 1004, Manila, Philippines Trunkline (632) 524-70-11 URL.:www.bsp.gov.ph a-mail: [email protected]