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In its Resolution No. 192, Series of 2018, dated 23 November 2018, the Anti-Money Laundering Council (AMLC) approved certain amendments to Part 2 – Online Registration System (ORS) of the AMLC Registration and Reporting Guidelines (ARRG).

Pursuant to the same Resolution, the AMLC Secretariat issued said amendments as AMLC Regulatory Issuance (ARI) A and B, No. 3, Series of 2018. The AMLC adopted these amendments after noting that certain covered persons need additional time to complete all documentary requirements for registration with the AMLC.

 Accordingly, please be advised that under ARI A and B, No. 3, Money Service Businesses (MSBs), pawnshops, and Designated Non-Financial Businesses and Professions (DNFBPs) may now be issued Provisional Certificates of Registration (PCORs), valid for six (6) months, pending their completion of documentary requirements for registration.

A registering MSB or pawnshop may already be issued a PCOR upon compliance with Guidelines 1 to 3 of the ORS, namely: (1) uploading of the Department of Trade and Industry (DTI) and notarized document attesting to the designation of the Primary Designated Officer; (2) generation of the required public keys; and (3) online registration with the AMLC portal.

 On the other hand, a registering DNFBP must, in addition to its compliance with Guidelines 1 to 3, upload notarized Deeds of Undertaking signed by its authorized officer, who shall undertake to strictly comply with Republic Act No. 9160 or the Anti-Money Laundering Act of 2001, as amended (AMLA) and its Implementing Rules and Regulations, and to assume responsibility for any violation thereof.

To view the amendments to the ORS, please click this link.

 

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