CISI ad

Bagong Pilipinas

Bagong Pilipinas

  

Free Donuts (PHISING)

 

 

 

Related Links

 

          
      
    OFAC 

     DNFBPs, just like all other covered persons (CPs), as enumerated under the AMLA, as amended (Section 1[ee], Rule 2, 2018 AMLA IRR) are required to register with the AMLC and perform their statutory obligations, which include customer due diligence, record-keeping, and reporting of covered and suspicious transactions. CPs have the duty to cooperate in the discharge of the AMLC’s mandate and execution of its lawful orders and issuances to protect these businesses and professions from being used in money laundering and terrorism financing. As CPs, the registration of DNFBPs is required under Section 4, Rule 22, 2018 IRR, in relation to Section 52 of the 2021 AML/CTF Guidelines for DNFBPs.

     The AMLC reminded certain DNFBPs to register through letters and notices of non-compliance. However, the following DNFBPs failed and still fails to register:

 

Name

Business

1.

V.V. Soliven Realty Corporation

Real Estate Developer

2.

AGT Classic Jewelry (formerly Classy Gem Central Jewelry)

Jewelry Dealer

3.

Enzima International

Jewelry Dealer

4.

Glory Jewelry & Tools Supply

Jewelry Dealer

5.

Jewels and Gems

Jewelry Dealer

6.

Lili Jewelry

Jewelry Dealer

7.

Oversea Jewelry and Gift Shop

Jewelry Dealer

8.

Pandora

Jewelry Dealer

9.

RL Jewelry Repair Shop

Jewelry Dealer

10

Silverworks

Jewelry Dealer

11.

Wellmanson

Jewelry Dealer

     This Public Advisory is an action taken pursuant to the AMLC Enforcement Action Guidelines (ARI No. 5, series of 2020). The aforementioned DNFBPs are enjoined to register without further delay, otherwise, a more stringent enforcement action may be taken.

     Please note that non-registration is considered a Serious Violation under item 22, Table A.C, Section 2, Rule IV of the Rules of Procedure in Administrative Cases (RPAC). It may also result in a CP’s failure to submit covered and suspicious transaction report which is a criminal offense under Section 4 of the AMLA, as amended.

 

Posted: 27 March 2024

     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 31 January 2024  is posted at Other Covered Persons page .

     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 at www.amlc.gov.ph on

28 February 2024

     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).

Back to Top