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2024 (First Edition)
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Targeted Financial Sanctions in Relation to Anti-Terrorism Council Resolution No. 65 (2024): AMLC Resolution No. TF-104 Series of 2025
To download, please click this link.
AMLC Issues Guidelines on Transaction Reporting and Compliance Submissions
The Anti-Money Laundering Council (AMLC) has issued the Guidelines on Transaction Reporting and Compliance Submissions (GoTRACS).
The issuance was made in accordance with Sections 7(1), 7(2), 7(7), and 9(c) of Republic Act No. 9160, also known as the Anti-Money Laundering Act of 2001, as amended (AMLA); Rule 22, Sections 1.1, 2, 3, 7; and Rule VII, Section 4 (a), (b), and (g) of the Casino Implementing Rules and Regulations of Republic Act No. 10927.
The GoTRACS was promulgated to provide covered persons with a set of guidelines to carry out one of their primary duties as covered persons, particularly on transaction reporting.
The salient features of the GoTRACS are as follows:
- Reinstatement of some low-risk transactions as reportable CTRs
- Addition of low-risk transactions
- Introduction of new STR file types
- Mandatory uploading of Beneficial Owner (BO) information of Account Holders tagged as juridical persons for STRs
- Addition of Transnational Organized Crime as one of the reasons for suspicion
- Revision in the Covered Transaction and Suspicious Transaction Report Format
Implementation Dates:
01 May 2025
Chapter II, Part 1, Section 1.18
Chapter II, Part 1, Section 1.19
02 January 2026
Provisions on Low-Risk Transactions and Non-working and Non-Reporting Days
02 January 2026 – 02 January 2028
New Reporting Format and its Guidelines
Uploading of Documents
Other Submissions
Uploading of KYC Documents and Beneficial Owner Excel Template for STRs on Judicial Persons
To view the GoTRACS, click this link.
Posted: 3 January 2025
Targeted Financial Sanctions in Relation to Anti-Terrorism Council Resolution No. 64 (2024): AMLC Resolution No. TF-102 Series of 2024
To download, please click the link.
Posted: 27 December 2024
INTERPOL’s "Think Twice" Cyber and Financial Crime Public Awareness Campaign
In support of INTERPOL’s "Think Twice" Cyber and Financial Crime Public Awareness Campaign, the AMLC shares the following materials to inform and guide the public on the latest cyber and financial crime threats, prevention methods, and best practices. These resources aim to raise awareness about the latest threats and provide practical prevention strategies to empower individuals in making informed decisions and safeguarding against online criminal activities:
Protect your heart and your wallet
Romance baiting scams exploit emotional connections, resulting in billions of dollars’ worth of losses through cryptocurrency schemes.
Not everyone online is who they claim to be, but it is not your fault. #ThinkTwice about online relationships, especially when money is involved.
Report a crime or suspicious activity to your local police https://www.interpol.int/en/What-you-Can-do/If-you-need-help
Posted: 20 December 2024
