To: ALL Covered Persons (CPs)
The Anti-Money Laundering Council (AMLC) reminds Covered Persons (CPs) to conduct the appropriate customer due diligence (CDD) on their corporate clients, including the updating of their customers’ records and information pursuant to Chapter VI, Rule 18 of the 2018 Implementing Rules and Regulations of the Anti-Money Laundering Act, as amended.
In line with this, CPs are enjoined to refer to the following lists from the Securities and Exchange Commission (SEC):
In relation thereto, CPs are instructed to:
The AMLC shall continue to monitor the implementation of this advisory and will issue further guidelines as needed.
30 November 2023.