January 11, 2005
BSP CIRCULAR LETTER
TO : All Banks and Non-Bank Financial Institutions Under BSP Supervision
Pursuant to Anti-Money Laundering Council Resolution No. 457 dated 29 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-Islamic Organization (AMAI), a.k.a. Al-Muntada Al-Islami 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 Al-Qaeda network.
For your strict compliance. IDSETA
(SGD.) ALBERTO V. REYES
Deputy Governor
RESOLUTION NO. 457
This refers to the letter dated 13 December 2004 of the Government of the United States of America, through its Embassy in Manila, requesting the Philippines to check carefully for offices or financial assets of the Al-Muntada...