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In view of the President’s approval of the recommendation to place Metro Manila and other areas under the modified enhanced community quarantine (MECQ) from 4 to 18 August 2020, please be advised of the following:

The period 4 to 18 August 2020 shall be considered workday suspensions in accordance with the MECQ.

In this regard, the AMLC allows deferment of the submission of covered transaction reports (CTRs), whenever operations of Covered Persons are adversely affected so as to enable them to timely file CTRs.

As for suspicious transaction reports (STRs), deferment may likewise be allowed, except for those involving high-risk crimes, such as terrorism, terrorism financing, drug trafficking, kidnap for ransom, graft and corruption, environmental crimes, smuggling, online fraud; and for emerging threats, such as online sexual exploitation of children.

For this purpose, requests for deferment need not be submitted to the AMLC as it relies on each Covered Person’s observance of proper good governance.

Further, all specified deadlines in regard to pending requests for submission of know-your-customer (KYC) documents as well as requests during the MECQ period (4 to 18 August 2020) are hereby suspended.

Together with the rest of the world, the AMLC continues the battle against the COVID-19 pandemic.