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
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 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