Relative to Anti-Terrorism Council (ATC) Resolution No. 10, Series of 2020 (Designation by Adoption of the Consolidated Lists under United Nations Security Council Resolutions [UNSCR] 1267 (1999), 1989 (2011), 2253 (2015), and their Successor Resolutions), the Anti-Money Laundering Council (AMLC) has issued AMLC Resolution No. TF-35, Series of 2021, effective upon completion of its publication, to implement the necessary targeted financial sanctions on designations made by the ATC.

AMLC Resolution No. TF-35, Series of 2021, immediately repeals AMLC Resolution Nos. TF-01 and TF-02, Series of 2012. Thus, previous freeze orders will continue but will now be based on the Anti-Terrorism Act of 2020 and ATC Resolution No. 10. Moreover, the new AMLC resolution:

1. Directs all covered persons and relevant government agencies to freeze without delay any funds and other assets that are owned or controlled, directly or indirectly, including funds and assets derived or generated therefrom, by the designated individuals, groups, undertaking, and entities included in the United Nations Consolidated List under UNSCR 1267 (1999), 1989 (2011), 2253 (2015) and 1988 (2011), and all successor resolutions, including those acting on their behalf, appearing in and which were previously covered by AMLC Resolution No. TF-01 and TF-02, Series of 2012, and relevant AMLC resolutions; and

2. Reminds all covered persons and the public that any person who:

1. Deals directly or indirectly, in any way and by any means, with any property or funds that he knows or has reasonable ground to believe is owned or controlled by a designated person, organization, association, or group of persons, including funds derived or generated from property or funds owned or controlled, directly or indirectly, by a designated person, organization, association, or group of persons; or
2. Makes available any property or funds, or financial services or other related services to a designated person, organization, association, or group of persons will be criminally charged for dealing with a designated person or entity under Section 8 of the Terrorism Financing Prevention and Suppression Act of 2012.

[LINKS]

Notice of AMLC Resolution No. TF-35, Series of 2021

AMLC Resolution No. TF-35, Series of 2021, implements TFS on ATC designations

Anti-Terrorism Council Resolution No. 10, Series of 2020, on Designation by Adoption of the Consolidated Lists under UNSC Resolutions 1267 (1999), 1989 (2011), 2253 (2015) and their Successor Resolutions

To download a copy, please click the Link.

Pursuant to the Anti-Money Laundering Act of 2001 (AMLA), as recently amended by Republic Act No. 11521, which took effect on 30 January 2021, real estate developers (REDs), real estate brokers (REBs), offshore gaming operators (OGOs), and OGO-service providers (OGO-SPs) are now covered persons. Thus, these persons and entities are required to report covered and suspicious transactions to the AMLC within the period prescribed and for the threshold amount fixed by the law.

To enable covered persons to file reports, Sec. 4, Rule 22 of the 2018 Implementing Rules and Regulations (IRR) provides that “all covered persons shall register with the AMLC’s electronic reporting system in accordance with the registration and reporting guidelines.” Registration with the AMLC is online and free.

Sec. 1.4, Rule 35 of the 2018 IRR further provides that “for existing covered persons who are not yet registered: they shall not be cited for non-registration. Provided, that they shall apply for registration within thirty (30) working days from effectivity of this IRR.”

Non-registration is an administrative offense penalized under the Rules of Procedure on Administrative Cases. Failure to register would mean failure to electronically file covered and suspicious transaction reports with the AMLC, which is a money laundering offense per Sec. 4 of the AMLA, as amended.

REDs, REBs, OGOs, and OGO-SPs must register with the AMLC by 16 March 2021.

For more information, please contact the Registration Staff of the AMLC Secretariat at +632 8 708 7067, +632 5 302 3848, or +632 5 310 3244.

AMLC Portal
Registration Procedure
AMLC Registration and Reporting Guidelines