Circular Letter 3/2013: Obligations to act on lists associated with the UN Security Council Resolutions relating to the prevention and suppression of the Financing of Terrorism

GOVERNOR

Dili, 24 July 2013

Chief Executive Officers
All banks operating in Timor-Leste

Circular Letter 3/2013: Obligations to act on lists associated with the United Nations Security Council Resolutions relating to the prevention and suppression of the Financing of Terrorism

Pursuant to Article 36 of Law nº. 17/2011 of 28 December on the Legal Regime to Prevent and Combat Money Laundering and the Financing of Terrorism, financial institutions regulated by the Central Bank are required to report to the Central Bank the existence of funds linked to terrorists, terrorist organizations or individuals or entities associated with or that belong to such individuals or organizations in accordance with lists established by the United Nations Security Council or under United Nations Security Council Resolution 1373 or any successor resolutions.

The 1267 Committee has established and maintained an updated list with respect to individuals, groups, undertakings and other entities associated with Al-Qaida on 11 July 2013 which is attached for your information.

The Central Bank requires that all banks implement procedures to regularly access the United Nations webpage at http://www.un.org/sc/committees/1267/latest.shtml for updates, and to implement appropriate internal procedures to ensure that funds being sent to or by or otherwise connected with any of the listed individuals and organizations are seized and/or frozen and immediately reported to the Central Bank.

Sincerely yours,

Abraão de Vasconselos

BANCO CENTRAL DE TIMOR-LESTE
Avenida Bispo Medeiros
P.O.BOX 59 - DILI
TIMOR-LESTE
T: +670 331 371 2 / 4 / 5 / 8
F: +670 331 371 3 / 6 / 7
E: info(at)bancocentral.tl