CTRs, STRs, and KYC Document Submissions during the ECQ Extension until 15 May 2020

In addition to the previous AMLC advisories on covered transaction reports (CTRs), suspicious transaction reports (STRs), and know-your-customer (KYC) document submissions during the enhanced community quarantine (ECQ) period and in view of the President’s approval of the recommendation of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases to extend the ECQ in the National Capital Region and several provinces, please be advised of the following:

Pursuant to Item V-A  of Part 1, General Provisions of the AMLC Registration and Reporting Guidelines (ARRG), 1 May 2020 is an official regular holiday and the period 2 to 3 May 2020 falls on a weekend, thus these non-working days shall be excluded from the counting of the prescribed reporting period.

The period 4 to 15 May 2020 shall be considered workday suspensions in accordance with the extension of the ECQ.

Further, all specified deadlines in regard to pending requests for submission of know-your-customer (KYC) documents as well as requests during the extended ECQ period (4 to 15 May 2020) are hereby suspended.

The AMLC continues to be one with the world in its fight against the COVID-19 pandemic.