July 2, 2002

BSP MEMORANDUM

TO : All Banks and Off-Shore Banking Units

For your information, quoted hereunder is Resolution No. 087 dated June 21, 2002 of the Anti-Money Laundering Council (AMLC), created under the provisions of Republic Act (R.A.) No. 9160, the Anti-Money Laundering Act of 2001 (AMLA).

"RESOLUTION NO. 087

The Council, by unanimous vote, decided as follows:

WHEREAS, the Philippines is a member of the United Nations and is a signatory to the United Nations Convention on the Suppression of Terrorism and Terrorist Financing;

WHEREAS, the United Nations Security Council has issued Resolution No. 1373 adopted at its 4385th meeting on 28 September 2001, and Resolution No. 1269 adopted at its 4053rd meeting on 19 October 1999, calling on all member States to take all necessary steps to prevent and suppress terrorist acts and the financing of terrorist acts;

WHEREAS, the United Nations Security Council has likewise issued Resolution No. 1390 (2002) declaring that all States are required to ensure that the following three measures are applied with immediate effect to all individuals and entities included in the...

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

Mobile No. +639451244898
digestph@gmail.com
Please read our FAQ before contacting us.