Anti-Money Laundering Council Resolution No. 457 dated 29 December 2004

ilibinas

OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AND EXAMINAtiON SECtOr

CiRCuLAR- LettEr

TO All Banks and Non-Bank Financial Institutions Under BSP Supervision

December 2004 (copy attached), you are hereby directed to check carefully for offices or financial assets of, and submit directly to the Council reports of covered or suspicious transactions, if any, involving the Al-Muntada Al-Isiamic Pursuant to Anti-Money Laundering Counci! Resolution No. 457 dated 29

Organization (AMAi), a.k.a. Al-Muntada Al-Isiami Trust, and its officers and employees.

The AMAI is a non-government organization (NGO) with offices in Madison, Wisconsin, USA, Riyadh, Kingdom of Saudi Arabia, London, England. Nairobi, Kenya, the Philippines and many other offices around the world. In recent reports, said NGo has become the focus of allegations linking it to terrorist financing and terror operations conducted by or on behalf of the At- Qaeda network.

For your strict compliance.

ALBertO V. reyeS

Deputy Governor

Att.: A/S

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-Monev Laundering Coumcil Bangko Sentral ng Pilipinas Cormplex Manila, Phiippines

RESOLUTION NOLST

United States of America, through its Embassy in Manila, requesting the Philippines to check carefully for offices or financiai assets of the Al-Muntada Af- Islamic Oraganization (AMA!), a.k.a Ai-Muntada Al-isiami Trust, its officers and employees. This refers to the letter dated 1 3 Decomber 2004 of the Government of the

sensitive matter involving the Ai-Muntada Al-Isiamic Oraganization (AMAl), a Riyadh, Kingdom of Saudi Arabia (KSA), London, Engiand, Nairobi, Kenya, the Philippines and many other offices around the worid. non-governmental organization (NGO) with offices in Madison, Wisconsin, UsA The Federal Bureau of investication (FBi) is investigating a priority and

by weaithy individuais from Riyadh, KSA through the A-Muntada Al-islami Trust offices. Recent reports indicate that AMAl has becoms the focus of ailegations (AMAlT). It is suspected that AMAiT has sent larae arrounts of money through its AMAiT corporate officers in Riyadn, KsA to the Nairooi, London and Madison linking this organization to terrorist financing and terror operations conducted by or on behalf of the Al-Qaeda network. FBI investigation revealed that the AMA! is operated and funded primarily

terrorism. As a charter member of the United Nations and as part of the and to prohibit their nationals or persons in their tarritories from financing international coalition agairst terrorism, tha Philippines. rough the Anti-Money Laundering Council, must actively support the actions required under the subject UNsc Resolutions. (UNscR) 1373 require UN member siates to freeze terrorist assets without delay The provisions of the United Nations Security Council Resolution

Supervising Authorities, the Bangko Sentral ng Piipinas, the Securities and Exchange Commission, and the insurance Commission to circularize among all covered institutions under their respectivs jurisdiotions, copy of this Resolution Oraganization (AMAl), a.k.a Ai-Muntada Al-isiami Trust, its officers and employees in accordance with Sections 7 and 9 of tho AMLA, as amended and or applicable rules, reguiatiorns, circulars and operating manuals promulgated by and to direct the covered institutions to submit directy to the Council reports of covered or suspicious transactions, if any, involving ua Al-Muntada Al-lslamic Rule 9.3 of the Revised impiementing Rules and Reguiations and other related the Supervising Authorities. Pursuant thereto. the Counct unanimousty *oeolvss to reguire the

December 2004, Manila, Philippines

(Governor, Bangko Sentraf ng Pilipinas) RAFAEL B. BUENAVENTURA Chairman

(Chairman, Securities and Exchange Commission) 3E B: BARIN Member (Commissioner, Insurance Commission) Benjamin s. Santos Member