In a conversation with Philip on 4/2/04,1 learned the following:

Philip recently spoke to a reporter who apparently has FBI sources on the Riggs Bank
investigation, Here are the details from his conversation with the reporter.

July 2001: \) receives $50,000 from a Riggs account held in the

name of the Saudi Armed Forces.

8 days later] [transfers $50,000 to National Commercial Bank, Jeddah

September 1, 200ij peposits $10,000 into his checking account at Fleet through
an ATM \5 minutes later: a large sum (perhaps $10,000) is withdrawn from the same account

from a different ATM . , \r 5, 2001: $25 debit purchase is made fromf Fleet account for an enti

"Destination Europe" in Portland, ME i

September 11, 2001: $100 debit purchase is made f(oml Fleet account for
American Airlines \ ;

The reporter makes the general assertion that there Weri; a number of puzzling
transactions involving Saudis in Boston. : i

One individual lists the same apartment as I Iph) who is a "bad person."
Is alleged to be associated with\KSM. i ;;

here were also regular payments frpm\ Saudi gn^qifrimpnt armnni at Riggs tr>
bad person."

The backstory is the investigation of Riggs for not ftjjng SARs. It is now filing them for
transactions in earlier years, including fh6.se mentipited above.

The reporter's sources also say the 9/11 staff has be£n briefed at least generally about the
Riggs bank investigation, fl believe this is the information you two received during the
Rupper/Courrier interview; Team 1A may also havit received some information.]

I told Philip this investigation was pn-gding .and therefore had not been perceived to be
part of our mandate. He suggested we probe.tfte i§Sue. Philip has left it to us to decide
if/how to bring Team 1A into the picture. \

9/11 Personal Privacy