Anti-Money Laundering Council(AMLCS)

December 19, 2022 Dear Ms.Magnaye, Greetings! Thank you for your request dated Nov 21, 2022 03:54:31 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. In view of the information you provided in relation to the issuance of a Certificate of Registration/Provisional Certificate of Registration, we wish to inform you the following: Under the recent amendment to Republic Act No. 9160, otherwise known as the Anti-Money Laundering Act of 2001, as amended (AMLA), real estate developers are considered as covered persons and are required to register with the AMLC through the Online Registration System. The PCOR shall be issued upon the successful registration and submission of the scanned PDF copies of the following requirements under Section 49 of the DNFBP Guidelines: (a) Most recent Articles of Incorporation and General Information Sheet from the Securities and Exchange Commission (SEC); (b) Notarized Deeds of Undertaking of the entity, signed by the/president/directors; and (c) Notarized Board Resolution or Certificate of Designation as Compliance Officer. After registration, you will be provided a PCOR, which you can use to support your application for BSP registration. The PCOR may likewise be presented to covered persons such as banks, in compliance with the latter’s customer due diligence measures prescribed under the 2018 AMLA Implementing Rules and Regulation (IRR). The PCOR is presented to covered persons in compliance with the latter's customer due diligence measures prescribed under Rule 18, Section 4.5 (b)(1) of the 2018 Implementing Rules and Regulations of the AMLA. The PCOR shall only be valid for a period of six (6) months, and the DNFBP shall only be issued a Certificate of Registration (COR) upon submission of the following requirements pursuant to Section 50 of the DNFBP Guidelines: (a) Copy of business registration or permit from the city or municipality currently having jurisdiction over the place of establishment and operation of the office; (b) List of operating office locations; (c) Proof of attendance of the proprietor, partners, directors, and principal officers in an AML seminar; and (d) Most recent Clearance from the National Bureau of Investigation (NBI) or its equivalent in a foreign jurisdiction, of all directors and principal officers. The step-by-step registration procedure is laid down under Part 2 (Online Registration) of the 2021 ARRG. For further information, you may contact the Registration Staff, Data Collection and Management Unit, Compliance and Supervision Group of the AMLC, though Telephone Nos. 8708-7067, 5302-3848, and 5310-3244, or Mobile phone Nos. 0968772704, 09157780720 and 096069008794, for any assistance you may need during registration. We hope we have been of assistance. May we request you to fill-out our feedback form to enable the us to continuously improve their services: https://forms.office.com/pages/responsepage.aspx?id=b5DZDHVFMEWm-8r6KIAvF_bmwAET7W9KpjGjBkMmOf5UMFRaQzFFNlFOQlY1RVhOQVRFWjlCTktFRi4u Respectfully, FOI Decision Maker