AMLC Accredited Trainers

ARRG Hotlines

 AMLC Registration and Reporting Guidelines Hotlines

CISI ad

Updated as of March 2023

 

 

 

  

Free Donuts (PHISING)

 

 

 

Related Links

 

          
      
    OFAC 
Recent Posts

News and Announcements

Advisories

 

 

 

Archives

AMLC Resolutions

 

 

Site Map

 

News And Announcements

Best Egmont Case Award conferred to AMLC

 

Best Egmont Case Award Champion

 

Four years after its launch, the Anti-Money Laundering Council (AMLC) is awarded the Best Egmont Case Award (BECA). Granted by the Egmont Group of Financial Intelligence Units, the BECA highlights the vital role of the AMLC in the investigation process, which entails tracing, freezing, and seizing the proceeds involved in the scam cited in its submitted case.

“We take pride in this win as it is an affirmation of all the hard work that the Council and the Secretariat have put in to combat money laundering in the country,” noted AMLC Secretariat Executive Director Atty. Julia C. Bacay-Abad. “I am particularly proud of the case we have submitted as it shows how cooperation among our domestic partners can prevail amidst the difficult circumstances and create a strong impact in our fight against corruption. Indeed, AMLC has become a more effective FIU and a stronger anti-money laundering or counter-terrorism financing partner, and our peers have recognized this.”

AMLC Heads Inter-Agency Working Group For Money-Laundering And Terrorist Financing National Risk Assessment

  At the forefront of money laundering

and terrorism financing National Risk Assessment

Under the international standards on combating money laundering (ML) and terrorism financing (TF), countries are required to identify, assess and understand ML and TF risks and are mandated, based on said assessment, to apply a risk-based approach to ensure that measures to prevent or mitigate ML and TF are commensurate with the risks identified. In line with this, the Office of the President issued Memorandum Circular 64, dated 20 June 2014, enjoining the heads of Departments, Agencies, Offices and Instrumentalities named in Annex A thereof to extend support and active participation in the conduct of the NRA.

Participant-Agencies for the NRA Process are as follows:

  1. Anti-Money Laundering Council
  2. Bangko Sentral ng Pilipinas
  3. Insurance Commission
  4. Securities and Exchange Commission
  5. Anti-Terrorism Council
  6. Bureau of Customs
  7. Bureau of Immigration
  8. Cooperative Development Authority

AMLC defends mandate: ‘Without Fear or Favor’

The country’s anti-money laundering watchdog has lashed out against criticisms and accusations of alleged leaked documents involving 242 bank accounts held by Vice President Jejomar C. Binay.

In a statement released over the weekend, the Anti-Money Laundering Council (AMLC) said: “The AMLC will continue to discharge its legal mandate without fear or favor.”

The statement added that it will not deign to address issues hurled at the institution by politicians whose identities were not named in the press release, if it were done outside of legal proceedings.

“Any and all issues concerning a pending case should be raised by the parties before the proper Court,” said AMLC.

The AMLC, housed within the compound of the Bangko Sentral ng Pilipinas (BSP), is chaired by BSP Governor Amando M. Tetangco Jr. and includes as members Securities and Exchange Commission head Teresita J. Herbosa and Insurance Commission chief Emmanuel F. Dooc.

Back to Top