Frequently Asked Questions:

 

 

 Frequently Asked Questions:

 

Who Should Register In the AMLC Reporting Procedure?

 

Covered Persons Supervised or Regulated by the Bangko Sentral ng Pilipinas (BSP)

  • Banks;
  • Offshore banking units;
  • Quasi-banks;
  • Trust entities;
  • Non-stock savings and loan associations;
  • Pawnshops;
  • Foreign exchange dealers;
  • Money changers;
  • Money remittance or transfer companies;
  • Electronic money issuers; and
  • All other persons and their subsidiaries and affiliates supervised or regulated by the BSP.

a)    A subsidiary means an entity more than 50% of the outstanding voting stock of which is owned by a bank, quasi-bank, trust entity or any other institution being supervised and regulated by the BSP.

b)    An affiliate means an entity at least twenty percent (20%) but not exceeding fifty percent (50%) of the outstanding voting stock of which is owned by a bank, quasi-bank, trust entity or any other institution being supervised and regulated by BSP.

Covered Persons Supervised or Regulated by the Securities and Exchange Commission (SEC)

  1. Securities dealers, brokers, salesmen, investment houses and other similar persons managing securities or rendering services as investment agent, advisor, or consultant;
  2. Mutual funds, close-end investment companies, common trust funds, and other similar persons; and
  3. Other entities administering or otherwise dealing in currency, commodities or financial derivatives based thereon, valuable objects, cash substitutes and other similar monetary instruments or property supervised or regulated by the SEC.

Covered Persons Supervised or Regulated by the Insurance Commission (IC)

  •   Insurance companies, pre-need companies and all other persons supervised or regulated by the IC.

Designated Non-Financial Businesses and Professions (DNFBPs)

  1. Jewelry dealers in precious metals, who, as a business, trade in precious metals;
  2. Jewelry dealers in precious stones, who, as a business, trade in precious stones;
  3. Company service providers which, as a business, provide any of the following services to third parties

I.   Acting as a formation agent of juridical persons;

II.  Acting as (or arranging for another person to act as) a director or corporate secretary of a company, a partner of a partnership, or a similar   position in relation to other juridical persons;

III. Providing a registered office, business address or accommodation, correspondence or administrative address for a company, a partnership or any other legal person or arrangement; and

IV.  Acting as (or arranging for another person to act as) a nominee shareholder for another person

D.  Persons who provide any of the following services:

I.   Managing of client money, securities or other assets;

II.  Management of bank, savings or securities accounts;

III. Organization of contributions for the creation, operation or management of companies; and

IV.  Creation, operation or management of juridical persons or arrangements, and buying and selling business entities.

  

What are the necessary downloadable tools for the reporting procedure?

 

Reporting Tools

Description

GPG for Windows
(Zipped)

Downloadable Executable File for Encrypting/Decrypting Keys(Kleopatra Encryption Software)

CSV File Format Checker V2
(Zipped) 11/10/2016

Downloadable Executable File for checking the integrity of Files transmitted to AMLC(Format 1 Report File Format Checker)

CSV File Format Checker V1
(Zipped) 11/14/2012

Downloadable Executable File for checking the integrity of Files transmitted to AMLC(Old File Format Checker)

AMLC.asc

AMLC Public Key


  

What are the steps in submitting reports to the AMLC?

 

Step-by-Step Procedure on how to Register with AMLC

1. Registration with the AMLC is via the Online Registration System (ORS).

2. Before proceeding with the ORS, the Compliance Officers (COs)/ Associated Persons (APs)/ Primary Designated Officers (PDOs) should have document/s showing his/her designation. (See attached Online Registration Manual for the list of documents).  Document/s will be attached in the ORS in PDF Format.

3. COs/APs/PDOs should download the attached Transaction Security Protocol Manual and perform the following:  

A. Install the GPG software;

B. Generate Public key for CO/AP/PDO; alternate’s public key is optional

(Generated public key should be under the name of CO/AP/PDO and alternate if available);

C. Export public key (file extension is .asc)

(Exported .asc file will be needed in accomplishing the ORS);

D. Get and save the AMLC public key (amlc.asc) from amlc.gov.ph under the Reporting Tools tab;

E. Import the AMLC Public key (amlc.asc);

F. Certify and Sign the AMLC Public key;

                           G. Back-up CO/AP/PDO’s public key.

4. Once items 2 and 3 have been accomplished, COs/APs/PDOs can now log on to https://portal.amlc.gov.ph and proceed with the    Online Registration.

5. Please make sure to regularly check the entered email address/es in the ORS, this will be validated by the system and this is where the approval of the Registration will be sent.

6. Registration will be processed daily; cut-off time is 1:00 PM, registration received after 1:00 PM will be processed the following day.

    7. Online Registration and the Transaction Security Protocol Manual can be downloaded at      www.amlc.gov.ph under the Services  Menu – Registration Process.

8. Attend the actual briefing on the preparation of the CTR/STR reports, generation of public/private keys, encryption and electronic transmission of CSV formatted CTR/STR transaction files via HTTP.  Briefing is conducted at the AMLS office once a month, usually on the last Wednesday of the month.  To register for the actual briefing please send an email to This email address is being protected from spambots. You need JavaScript enabled to view it., indicating your preferred date and the names company and participants.

9. Questions, if any, may be emailed to This email address is being protected from spambots. You need JavaScript enabled to view it.. Response/s thereto shall be sent accordingly or you may call Mr. Conrad Bulanadi, Catherine Masaoay or Alvin Tolosa at (02) 302-3848, (02) 708-7923 or (02) 708-7064.

 Click on this link to download AMLC Online Registration
 Click on this link to download AMLC Transaction Security Protocol
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