Targeted Financial Sanctions in Relation to Anti-Terrorism Council Resolution No. 64 (2024): AMLC Resolution No. TF-102 Series of 2024

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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:

INTERPOL is calling for a change in terminology.

We will no longer use the term “pig butchering” but instead use “romance baiting” when referring to crimes where a criminal builds an emotional or romantic relationship with a victim and then uses that to defraud a victim, whether via a fake investment, gambling or because of a made-up financial issue. 

This change is an important step towards humanizing and supporting victims of these crimes. 

#ThinkTwice, the language we use matters. 

Posted: 17 December 2024

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 30 November 2024 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 16 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