Anti-Money Laundering Council Resolution No. 62

mas

OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINATION SECTOR

CIRCULAR LETTER

TO Under Bsp Supervision All Banks and Non-Bank Financial institutions

Pursuant to Anti-Money Laundering Council Resolution No. 62 (Series of

carefully for the assets of Elehssan Society, the fund raising arm of 2005) dated 13 June 2005, copy attached, you are hereby directed to check Palestinian Islamic Jihad (PiJ). Aside from being the financial conduit of PiJ the Elehssan Society is likewise used to recruit for PIJ's operational cadre and suicide bombers.

The PlJ has been designated as a Specially Designated Global Terrorist by the us Government on account of its involvement in terrorist activities like murder, extortion, money iaundering, fraud and misuse of visas. It was aiso implicated in authorizing the 25 February 20o5 terrorist attack in Tel Aviv.

In accordance with Sections 7 and 9 of the Anti-Money Laundering Act, 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 suspicious transactions, if any, involving the Elehssan Society

For your guidance and strict implementation.

M. MA DOLORES .B. YIVIENCO Mplerx lmmMauC

Sector-in-Charge

Att.: A/S

2005

PANANALAPING MATATAG, BANSANG PANATAG

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

Anti-Money Laundering Council Bangko Sentral ng Pilipinas Complex Manila, }'hilippines

RESOLUTION NO. 6Z, Series of 2005

the United States of America, through its Embassy in Manila, requesting the raising arm of Palestinian Islamic Jinad (PiJ) in Gaza and the West Bank, and to Philippines to check carefully for the assets of ELEHSSAN SOCIETY, the fund freeze the same shouid any be found. Whereas, this refers to the ietter dated 4 May 2005 of the Government of

district Court in the Middle District of Fiorida, PiJ and Elehssan's objectives Terrorist by the Us Government and is also named on the EU's list of terrorist entities. According to an indictment filed in February 20o3, in the United States include murder, extortion, money laundering, fraud and misuse of visas. Whereas, PIJ has been designated as a Specially Designated Global

Damascus, Syria was implicated in authorizing the 25 February 2005 terrorist attack in Tel-Aviv. PiJ leadership in Damascus, Syria controls all PIJ officials, activists and terrorists in the West Bank and Gaza. Whereas, evidence availabie to the Us corroborales that PlJ in

likewise used to recruit for its operational cadre. To support its recruitment efforts, PIJ provided money to run a summer camp project in the West Bank. bombers. The aim of at ieast one Pij-run summer camp is the recruitment of suicide Whereas, in addition to PiJ's use as a finarcial conduit, Elehssan is

Resolution (UNSCR) 1373 reguire UN me iber states to freeze terrorist assets without delay and to prohibit their natiorat s or persons in their territories from financing terrorism. As a charter member of the United Nations and as part of the international coalition against terrorism, tht Philippines, through the Anti-Money Laundering Council, must actively support he actions required under the subject UNsC Resolutions. Whereas, the provisions of the United Nations Security Council

amended and Rule 9.3 of the Revised : iplementing Rules and Regulations and Supervising Authorities, namely: the Bai gko Sentral ng Pilipinias, the Securities all covered institutions under their respe: tive jurisdictions, copy of this Resolution and Exchange Commission, and the insi rance Commission to circularize among and to direct the covered institutior's to submit directly to the Council reports of covered or suspicious transactions, if al : , involving the ELEHSsAN SOCiETY in accordance with Sections 7 and 9 of th Anti-Money Laundering Act (AMLA), as Wherefore, the Council resolves, as it is hereby resolved, to require the

other related or applicable rule, :ions, circulars and operating manuals promulgated by the Supervisirg A tr.es.

T_June 2005, Mania, Phiippios

{Officer-In-Char'ge. Bangko Sentra} ng Pilipinas) ANANDO TETANGCO (Acting Cnart?an

(Chairperson, Securities and Exchang:: Cor:mission) (Commissioner, Insurance Commission) #e B. BArIN Rad Member Benjamin s. santos Member