News And Announcements

CTRs, STRs, and KYC Document Submissions during ECQ from 29 March to 4 April 2021

In view of the announcement of the Office of the President, placing the Greater Manila area under enhanced community quarantine (ECQ) from 29 March to 04 April 2021, please be advised of the following:

Pursuant to Item V-A of Part 1, General Provisions of the AMLC Registration and Reporting Guidelines (ARRG), 01 and 02 April 2021 are official holidays and the period 03 to 04 April 2021 falls on a weekend, thus these non-working days shall be excluded from the counting of the prescribed reporting period.

The period 29 to 31 March 2021 shall be considered workday suspensions in accordance with the ECQ.

The foregoing is without prejudice to the voluntary submissions by covered persons of covered (CTRs) and suspicious transaction reports (STRs) within the reglementary period through the AMLC portal.

Further, all specified deadlines relative to pending requests for submission of know-your-customer (KYC) documents as well as requests during the ECQ period (29 March to 04 April 2021) are hereby suspended.

For requests during the ECQ period, the same shall be sent through e-mail to the respective compliance officers or other authorized officers of covered persons registered as such with the AMLC. Please be reminded that compliance with said requests may be made during this ECQ period but shall be submitted through the AMLC portal instead of personal delivery.

Access details are as follows:
1. Log-in the AMLC portal (Ver. 2.9.9).
2. In the Electronic Documents Upload Facility, click the Electronic Return/KYC Documents Request Upload icon.
3. Select KYC Documents Request in the Document Type dropdown and click Proceed.
4. Enter the reference number as specified in the AMLC request.
5. Click Browse, choose the filename of the document, and click Upload. The filename should contain the name of the account holder.

THE AMLC SECRETARIAT
Issued on 29 March 2021

2021 MARCH RES WEBINAR

2021 MAR 01 WEBINAR FOR REAL ESTATE STAKEHOLDERS

2021 Sanctions Guidelines

On 3 March 2021, the AMLC issued the 2021 Sanctions Guidelines, incorporating amendments brought about by the enactment of Republic Act No. (RA) 11479 or the Anti-Terrorism Act of 2020; and RA 11521 or An Act Further Strengthening the Anti-Money Laundering Law, amending for the Purpose RA 9160, otherwise known as the Anti-Money Laundering Act of 2001, as amended. The guidelines now cover targeted financial sanctions related to terrorism, terrorism financing, and proliferation financing, including remedies and relevant links to the appropriate United Nations Security Council Sanctions Committee.

 Two (2) chapters have been added to the guidelines: Chapter 9 (Request for De-listing from Anti-Terrorism Council Designations) and Chapter 10 (Targeted Financial Sanctions related to Proliferation Financing).

 As with the previous guidelines, all covered persons are required to download the latest version of the guidelines to be disseminated to their respective offices and personnel for reference and proper guidance.

 11 March 2021

 2021 Sanctions Guidelines