Anti-Money Laudering Council (AMLC) Resolution No. 89 dated 26 November 2008

CIRCULAR LETTER NO. CL-2008-081

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

Subject: Anti-Money Laudering Council (AMLC) Resolution No. 89 dated 26 November 2008

Pursuant to Anti-Money Laundering Council Resolution No. 89 dated 26 November 2008 (copy attached), you are hereby informed that on 21 October 2008, the United Nations Security Council Al-Qaida and Taliban Sanctions Committee approved the following with regard to its Consolidated List of individuals and entities subject to the asset 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:

addition of Maftah Mohamed Elmabruk, Abdelrazag Elsharif Elosta and Abdulbasit Abdulrahim;

amendment of information with respect to Ata Abdoulaziz Rashid, Rafik Mohamad Yousef, Mazen Salah Mohammed; and

consolidation of relevant information under just one entity for Al Rashid Trust a.k.a. Al-Rasheed Trust; Al-Rasheed Trust; Al-Rashid Trust; Aid Organization of the Ulema, Pakistan.

Under the same resolution all covered institutions are directed to submit to the Council reports of covered or suspicious transactions, if any, involving Maftah Mohamed Elmabruk, Abdelrazag Elsharif Elosta, Abdulbasit Abdulrahim, Ata Abdoulaziz Rashid, Rafik Mohamad Yousef, Mazen Salah Mohammed, and Al Rashid Trust.

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 individuals.

For your guidance and strict implementation.

NESTOR  A. ESPENILLA, JR. Deputy Governor

15 December 2008