Anti-Money Laundering Council (AMLC) Resolution No. 87 dated 25 October 2006

November 10, 2006 BSP CIRCULAR LETTER NO. CL-2006-038 TO : All Banks and Non-Bank Financial Institutions Under BSP Supervision SUBJECT : Anti-Money Laundering Council (AMLC) Resolution No. 87 dated 25 October 2006 The Government of the United States of America, through its Embassy in Manila, requests the Philippine Government to check carefully for any funds, financial assets or economic resources, including property or interests in property owned or controlled, directly or indirectly, by ABOUSOFIAN ABDELRAZIK or by persons acting on his behalf and to freeze the same should any be found. Mr. Abousofian Abdelrazik is a Canadian and Sudanese citizen of Sudanese origin who is closely associated with Abu Zubaydah, Usama Bin Laden's lieutenant. Mr. Abdelrazik is responsible for recruiting and for al-Qaida's network of training camps in Afghanistan. He is also a member of an extremist cell in Montreal, Canada and is closely associated with Ahmed Ressam and Abderraouf Jdey. Mr. Ressam attempted to attack the Los Angeles International Airport in January 2000 while Mr. Jdey has been closely linked with al-Qaida operatives and was involved in plans for conducting hijacking and terrorist operations. Pursuant to the US Government's request, the Anti-Money Laundering Council (AMLC), in its Resolution No. 87 dated 25 October 2006, copy attached, requires all banks and non-bank financial institutions under BSP supervision, to submit directly to the Council reports of covered or suspicious transactions, if any, involving ABOUSOFIAN ABDULRAZIK or persons acting on his behalf, in accordance with Sections 7 and 9 of the Anti-Money Laundering Act (AMLA) of 2001, as amended, and Rule 9.3 of the Revised Implementing Rules and Regulations and other related or applicable rules, regulations, circulars and operating manuals promulgated by the Supervising Authorities. EIASDT For your strict implementation. (SGD.) NESTOR A. ESPENILLA, JR. Deputy Governor RESOLUTION NO. 87, Series of 2006 The Government of the United States of America, through its Embassy in Manila, is requesting the Philippines to check carefully for any funds, financial assets or economic resources, including property or interests in property owned or controlled, directly or indirectly, by Abousofian Abdelrazik or by persons acting on his behalf and to freeze the same should any be found. DcCHTa Abousofian Abdelrazik (Abdelrazik) is a Canadian and Sudanese citizen of Sudanese origin who was closely associated with Abu Zubaydah, Usama bin Laden's lieutenant responsible for recruiting and for al-Qaida's network of training camps in Afghanistan. Abdelrazik recruited and accompanied Tunisian extremist Raouf Hannachi for paramilitary training at the Khalden camp in Afghanistan in 1996 where al-Qaida and other UN-sanctioned terrorist groups were known to train. Abdelrazik was a member of an extremist cell in Montreal, Canada whose members met in the Khalden camp. Members of this cell with whom Abdelrazik was closely associated included Ahmed Ressam and Abderraouf Jdey. Ressam attempted to attack Los Angeles International Airport in conjunction with the Millennium celebrations in January 2000. Jdey has been closely linked with al-Qaida operatives and involved in plans for conducting hijacking/terrorist operations. On 21 July 2006, the Government of the United States designated Abdelrazik as a Specially Designated Global Terrorist pursuant to E.O. 13224. On 31 July 2006, the United Nations' 1267 Committee approved the addition of Abdelrazik to the list of individuals belonging to or associated with Al Qaida organization established and maintained by the 1267 Committee. The provisions of the United Nations Security Council Resolution (UNSCR) 1373 require UN member states to freeze terrorist assets without delay and to prohibit their nationals or persons in their territories from financing terrorism. As a charter member of the United Nations and as part of the international coalition against terrorism, the Philippines, through the Anti-Money Laundering Council, must actively support the actions required under the subject UNSC Resolutions. THE COUNCIL RESOLVED to require the Supervising Authorities, namely: the Bangko Sentral ng Pilipinas, the Securities and Exchange Commission, and the Insurance Commission to circularize among all covered institutions under their respective jurisdictions, copy of this Resolution and to direct the covered institutions to submit directly to the Council reports of covered or suspicious transactions, if any, involving Abousofian Abdelrazik or by persons acting on his behalf in accordance with Sections 7 and 9 of the Anti-Money Laundering Act (AMLA) of 2001, as amended and Rule 9.3 of the Revised Implementing Rules and Regulations and other related or applicable rules, regulations, circulars and operating manuals promulgated by the Supervising Authorities. aIcTCS 25 October 2006, Manila, Philippines. (SGD.) AMANDO M. TETANGCO, JR. Chairman (Governor, Bangko Sentral ng Pilipinas) (SGD.) FE B. BARIN Member (Chairperson, Securities and Exchange Commission) (SGD.) EVANGELINE CRISOSTOMO-ESCOBILLO Member (Commissioner, Insurance Commission)