Aligned with the goal of President Ferdinand Marcos Jr., government agencies expressed commitment to complete their deliverables to strengthen the country’s anti-money laundering and combating financing of terrorism (AML/CFT) regime.
In a meeting on 7 February 2024, supervisors, regulators, prosecutors, and law enforcement agencies discussed efforts at completing their respective deliverables by the end of the year, consistent with the President’s intention to improve the country’s position in the global fight against financial crimes.
“In the meeting, all concerned agencies expressed commitment to complete their respective action plan items,” said Anti-Money Laundering Council Secretariat Executive Director Matthew M. David.
The Financial Action Task Force (FATF), an intergovernmental body that sets international standards on AML/CFT, has recommended earlier to further strengthen the Philippines’ AML/CFT regime through action plans in the following areas: designated non-financial businesses and professions (DNFBPs), casino junkets, beneficial ownership, money laundering and terrorism financing prosecution, and cross border declaration measures.
“Through collaboration among the agencies, we are strengthening our resolve to address the remaining action plan items suggested by FATF and report the progress to the President," David added.
The collaborative efforts taken by government agencies have resulted in increased compliance among DNFBPs, mitigation of risks in casino junkets, and a more robust beneficial ownership information database.
The Philippines has also improved its implementation of cross-border currency declaration measures and has increased its AML/CFT investigation and prosecution. The private sector is likewise encouraged to further contribute to the shared goal by complying with relevant laws and regulations.
###
To download, please click the link.
Posted 20 February 2024
The Anti-Money Laundering Council (AMLC) has noted the inquiry it has received from a concerned citizen, regarding the authenticity of a certain Certification dated 08 December 2023, directed to a certain bank, purporting that the AMLC has issued a freeze order against two (2) accounts registered with them, after an alleged finding of probable cause for violation of the Terrorism Financing Prevention and Suppression Act of 2012.
After scrutinizing the aforementioned inquiry, the AMLC discovered an alarming scheme wherein a scammer deploys a deceitful and counterfeit Certification to make it appear that the accounts of specific individuals and/or entities have been subjected to a freeze order issued by the AMLC.
Upon meticulous examination of the subject certification and thorough cross- referencing with the AMLC records, it has been unequivocally ascertained that the certification in question is indeed spurious.
The AMLC denies the issuance of the fraudulent and spurious document denominated as Certification dated 8 December 2023, issued to a certain bank. Any document and/or certification of similar tenor is not genuine, nor authorized by the AMLC.
We hereby caution the public to disregard any emails, letters, or documents of similar nature, as these are confirmed to be fraudulent. The AMLC strongly advises individuals to promptly report such deceptive activities to the relevant law enforcement authorities.
If you have fallen victim to scammers or come across any fraudulent emails, letters, or information related to scams resembling the aforementioned or other deceptive schemes where individuals claim association with the AMLC or its Secretariat, kindly reach out to the AMLC at This email address is being protected from spambots. You need JavaScript enabled to view it..
DAY |
SCHEDULE |
|
8AMto5PM |
9AMto 6PM |
|
Mondays |
0969 052 5224 |
0967 031 2614 0962 554 7404 |
Tuesdays |
0995 163 5724 |
0969 174 9630 0967 031 2612 |
Wednesdays |
0967 031 2614 0962 554 7404 |
|
Thursdays |
0969 174 9630 0962 554 7407 0967 031 2612 |
|
Fridays |
|
0962 554 7407 0995 163 5724 0969 052 5224 |
Mondays to Fridays |
(02) 5210-3244 (02) 5302-3848 (02) 8708-7067 (02) 5310-3246 |
|