September 25, 2002
BSP MEMORANDUM
TO : All Banks and Off-Shore Banking Units
For your information, quoted hereunder is Resolution No. 137 dated September 25, 2002 of the Anti-Money Laundering Council (AMLC), created under the provisions of Republic Act (R.A.) No. 9160, otherwise known as the Anti-Money Laundering Act of 2001 (AMLA).
"Resolution No. 137, Series of 2002
The Council, by unanimous vote, decided as follows:
WHEREAS, the United States Government has earlier issued a list of Al Qaida/UBL-linked terrorist and terrorist-related institutions.
WHEREAS, the United States Government submitted to United Nations (UN) for inclusion in its list of Al Qaida linked individuals, Saudi Citizen Wa'El Julaidan.
WHEREAS, the Government of Saudi Arabia has separately written the UN Security Council asking that Saudi Citizen Wa'El Julaidan be added to the asset freeze list.
WHEREAS, Sections 2, 7(8) and 13 (a) & (b) of the Anti-Money Laundering Act of 2001 (AMLA) and Rule 7.2 (8) and Rule 13.1 and 13.2 of the Implementing Rules and Regulations authorize the Council to receive and take action in respect of any request made by a foreign state...
