Targeted Financial Sanctions in Relation to Anti-Terrorism Council Resolution No. 54 (2023): AMLC Resolution No. TF-86 Series of 2024

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Posted: 17 April 2024

AMLC TRAININGS (APRIL 2024)

ADVISORY

     Please be informed that the Anti-Money Laundering Council will perform server maintenance on Thursday, 14 March 2024 at 11PM to Sunday, 17 March 2024 at 5PM. During this time, the AMLC Portal will be inaccessible. Covered Persons (CP) are advised to schedule their access on the AMLC Portal, including CP registration and submission of reports before or after the said activity.

    Pursuant to Part 1, Item V-B of the 2021 AMLC Registration and Reporting Guidelines (ARRG), 15 March 2024 is officially declared as non-reporting day and shall be excluded from the counting of the prescribed reporting period.

     Should you have any queries, please contact our Enterprise Technology Management Group (ETMG) at 87087923 (Manila) or 89884886 (QC).

AMLC TURNS OVER TERROR FUNDS TO TREASURY

The Anti-Money Laundering Council (AMLC) turned over almost Php50 million in terrorism financing funds to the Bureau of the Treasury (BTR), pursuant to the judgment of civil forfeiture of the Regional Trial Court (RTC) in Manila, Branch 18, in Civil Case No. 20-001-37, which the AMLC filed on behalf of the Republic.

The RTC found that the funds were related to terrorism financing in connection with the Marawi City Siege, where the notorious Maute family violently attempted to establish a terroristic government. The Armed Forces of the Philippines (AFP) discovered the funds during the government effort to retake Marawi City.

The turnover of the cash was accomplished through the joint efforts of the AMLC, the AFP, the BTR, Bangko Sentral ng Pilipinas, Land Bank of the Philippines, and the Office of the Solicitor General (OSG), which also received its share as counsel for the Republic.
        

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Posted: 8 April 2024