Anti-Money Laundering Council Resolution No. 19

R() C hina.

SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUTY GOVERNOR

CIRCULAR LETTER

To ALL BANKS AND NON-BANK FINANCIAL INSTITUTIONS

UNDER BSP SUPERVISION

2005) dated 16 March 2005, copy attached, you are hereby directed to check has acted for or on behalf of Ai-Qaida and Abu Musa'ab Af-Zarqawi, and to carefully for the assets of Muhsin At-Fadhli a.k.a. Muhsin Fadhil, Ayyid Al Fadhli, Abu Majid Samiyah, Abu Samia, a Kuwait-based Al-Qaida leader who freeze the same should any be found. Pursuant to Anti-Money Laundering Council Resolution No. 19 (Series of

and not oniy fought alongside the Taliban and Al-Qaida in Afghanistan, but also Muhsin AI-Fadhti is second in command for a leader in Al-Qaida network

fought against the Russian forces in Chechnya. He also raised money for an October 2002 attack against the French ship MV Limburg off the coast of Yemen. He was also identified as one of the three perpetrators involved in an attack against US Marines on Faylaka Island, Kuwait on 8 October 2002.

you are hereby directed to submit directly to the Council reports of covered or suspicious transactions, if any, involving Muhsin Al-Fadhli. In accordance with Sections 7 and 9 of the Anti-Money Laundering Act

For your guidance and strict compiiance.

ALBERTO V. REYES Deputy Governor

Att.: A/S

April 2005

PANANALAPING MATATAG, BANSANG PANAtAG

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

Anti-Money Laundering Council Bangko Sentral ng Pilipinas Complex Manila, Phitippines

RESOLUTION NO. _19, Series of 2005

requesting the Philippines to check carefully for the assets of Muhsin Al-Fadh!i based Al Qaida leader who has acted for or on behalf of Al Qaida and Abu Musa'ab Ai-Zargawi, and.to freeze the same should any be found. Government of the United States of America, through its Embassy in Manila a.k.a. Muhsin Fadhil, Ayyid al Fadhli, Abu Majid Samiyah, Abu Samia, a Kuwait. Whereas, this refers to the letter dated 15 February 2005 of the

pursuant to Executive Order 13224 and by the UN 1267 Committee on 23 September 2001 and 23 September 2003, respectively. designated by the Us Government as Specially Designated Global Terrorists Whereas, AI Qaida and Abu Mus'ab Al-Zarqawi (Zargawi) have been

Muhsin Al-Fadhti (Fadhli) is an Al Qaida leader in the Gulf countries and was the second in command for a leader in the At Qaida network and not only fought alongside the Taliban and Al Qaida in Afghanistan, but also fought against Russian forces in Chechnya. Fadhli also raised money for an October 2002 attack against the French ship MV LIMBURG off the coast of Yemen. Whereas, information available to the U.s. Government indicates that

February 2003, a Kuwaiti court convicted Fadhli of providing funding for terrorist activities and undergoing military training in Afghanistan for purposes of terrorism. altack against l13 Marines on Faylaka Island, Kuwait on 8 October 2002. In Whereas, Fadhli was identified as one of three perpetrators involved in an

entities/individuals subject to sanctions that UN member states are required to implement pursuant to UNSC Resolutions 1267 and 1526. 1267 Sanctions Committee to add the name of Fadhli to the consolidated list of Whereas, on 15 February 2005, the US Government requested the UN

international coalition against terrorism, the Philippines, through the Anti-Money Resolution (UNSCR).1373 reguire UN member states to freeze terrorist assets without delay and to prohibit their nationals or persons in their territories from financing terrorism. As a charter member of the United Nations and as part of the Laundering Council, must actively support the actions required under the subiect UNsc Reso utions. Whereas, the provisions of the United Nations Security Councir

Supervising Authorities, namely: the Bangko Sentral ng Pilipinas, the Securities Wherefore, the Council reso!ves, as it is hereby resolved, to require the

and Exchange Commission, and the Insurance Commission to circularize among and to direct the covered institutions to submit directly to the Council reports of all covered institutions under their respective jurisdictions, copy of this Resolution covered or suspicious transactions, if any, involving Muhsin Ai-Fadhli a.k.a Muhsin Fadhil, Ayyid al Fadhli, Abu Majid Samiyah, Abu Samia in accordance with Sections 7 and 9 of the Anti-Money Laundering Act (AMLA), as amended

related or applicable rules, regulations, circulars and operating manuals and Rule 9.3 of the Revised Implementing Rules and Regulations and other promuigated by the Supervising Authorities.

. March 2005, Manila, Philippines.

XNM RAFAEL B. BUENAVENTURA Governor, Bangko Sentral ng Pilipinas} Chairman

(Chairman, Securities and Exchange Commission) (Commissioner, Insurance Commission) Pe B. Barin Member BENJAMIN S. SANTOS Member