News And Announcements

BSP Governor and AMLC Chairman Remolona Speaks on the Delisting of the Philippines from the FATF Grey List of Countries under Increased Monitoring

Bangko Sentral ng Pilipinas Governor and Anti-Money Laundering Council Chairman Eli M. Remolona, Jr. highlighted that the Philippines’ exit from the Financial Action Task Force (FATF) grey list renews investor confidence, restores correspondent banking relationships, and helps overseas Filipino workers. 

Watch Governor Remolona speak on the delisting of the Philippines from the FATF grey list of countries under increased monitoring. 

Advisory on Re-registration under the Guidelines on Compliance Optimization and Registration System on or before 29 April 2025

For details, please click this link.

All Covered Persons to Deal Only with Designated Non-Financial Businesses and Professions Registered with the AMLC

     AMLC Resolution No. 81 dated 09 May 2019 directed the issuance of an advisory to covered persons (CPs) dealing with clients who are classified under the sector of Designated Non-Financial Businesses and Professions (DNFBPs) to demand presentation of their Certificate of Registration (COR) or Provisional COR (PCOR) with the AMLC as part of Customer Due Diligence (CDD) measures under Section 3.5(b)(1) of the 2018 Implementing Rules and Regulations of the AMLA, as amended. Failure of a DNFBP to supply its P/COR is a ground to conduct enhanced due diligence measure (EDD) and/or to re-evaluate the business relationship. On the part of the CP failing to comply with this directive, it may be cited for the applicable administrative sanctions under the Rules of Procedure in Administrative Cases (RPAC).

     All CPs must deal only with registered DNFBPs with valid or subsisting P/COR or may risk being cited for a Serious Violation under Section 2(C)(25), Rule IV, of the RPAC.

     The updated list of Registered DNFBPs as of 28 February 2025 is posted at Registered DNFBPs.

   For the names of newly registered DNFBPs not yet included in the list, CPs may contact for confirmation/validation the Registration Staff of the Compliance and Supervision Group, Detection and Prevention Department, at telephone numbers (632) 5302-3848, 5310-3244, 8708-7067.

Posted on April 4, 2025

AMLC Chairman's Statement on the PH's formal exit from the FATF grey list