INCLUSION OF SAUDI CITIZEN WA’EL JULAIDAN IN THE UN LIST OF AL QAIDA LINKED INDIVIDUALS FOR PURPOSE OF THE 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 for assistance in the investigation and
prosecution of money laundering offenses, anti-terrorism and terrorist
financing as well as in tracking down, freezing, restraining and seizing
assets alleged to be proceeds of any unlawful activity and the giving
of information needed by the foreign state within the procedures laid
down in the AMLA.

RESOLVED:

1.      To require the supervising authorities under AMLA, namely the Bangko Sentral ng Pilipinas
(BSP), the Securities and Exchange Commission (SEC) and the Insurance
Commission (IC) to disseminate among covered institutions under their
respective jurisdictions, the inclusion of Saudi Citizen Wa’El Julaidan in the UN list of Al Qaida linked individuals.

2.      To
require said supervising authorities to direct the covered institutions
under their respective jurisdictions to submit covered transaction
reports and suspicious transaction reports involving Saudi Citizen Wa’El Julaidan directly to the Council, in accordance with Sections 7 and 9 of the AMLA, Rules 5.2, 5.3, 5.4 and 9.3 of the IRRs
of the AMLA and other related or applicable rules, regulations,
circulars and operating manuals promulgated by the supervising
authorities.

Adopted: 25 Sept. 2002

(SGD.) ARMANDO L. SURATOS
Acting Chairman
(Officer-in-Charge, Bangko Sentral ng Pilipinas)

(SGD.) LILIA R. BAUTISTA
Member
(Chairman, Securities and Exchange Commission)

(SGD.) EDUARDO T. MALINIS
Member
(Chairman, Insurance Commission)”

Pursuant to the foregoing
resolution, all banks and off-shore banking units concerned shall file
with the Anti-Money Laundering Council the necessary reports of
suspicious and covered transactions involving Mr. Julaidan in accordance with Rules 5.3 and 9.3 of the IRRs
of the AMLA and other related or applicable rules, regulations,
circulars and operating manuals promulgated by the supervising
authorities.

Adopted: 25 Sept. 2002

(SGD.) ARMANDO L. SURATOS
Officer-in-Charge