Published by Anti-Money Laundering Council(AMLCS) on March 2, 2022.
Requested from AMLC by R. Victor Villamor Jr. at 05:30 PM on
March 2, 2022.
Purpose: Bank Requirement
Date of Coverage: 03/02/2022 - 03/02/2022
Tracking no: #AMLCS-723212489326
M.PENULIAR
March 2, 2022, 5:30 p.m.
Hi, I would like to ask how can I acquire an AMLC? I was trying to open a business account but they required me to submit one.
My shop is online and I am selling jewelries from Manila. I have clients abroad as well.
I already registered to BIR. However, AMLC is a bank requirement.
I hope you can help me on this.
Thank you!
F.OFFICER
March 7, 2022, 1:51 p.m.
March 7, 2022
Dear Ms. Penuliar,
We refer to your request dated Mar 02, 2022 05:30:58 PM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Anti-Money Laundering Certificate.
In order for us to work further on your request, we need more information from you regarding your query. In particular, it would be helpful to know:
1. What specific details or kind of certificate is the bank requiring of you?
2. Is the certificate a requirement prior to your opening of a business account in line with your online jewelry shop?
You may use the reply function on the eFOI portal at http://efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHwsSB0NvbnRlbnQiEkFNTENTLTcyMzIxMjQ4OTMyNgw, for request with ticket number #AMLCS-723212489326, to respond.
During the period of us awaiting your reply, your request will be put on hold.
We hope to hear from you at the soonest possible time.
Thank you.
Respectfully,
FOI Receiving Officer
M.PENULIAR
March 7, 2022, 1:55 p.m.
Thank you for your reply.
The bank requires me to submit an ANTI-MONEY LAUNDERING LAW CERTIFICATE because they said that jewelry shop is already in line with pawnshop and the like. I must submit a certificate first before I can continue with opening a business bank account.
I hope you can help me on this matter.
Thank you so much!
F.OFFICER
March 9, 2022, 2:42 p.m.
March 9, 2022
Dear Ma. Angelica,
Thank you for your request dated Mar 02, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Anti-Money Laundering Certificate.
We received your request on Mar 02, 2022 and will respond on or before Mar 23, 2022 05:30:58 PM, in accordance with the Executive Order's implementing rules and regulations.
Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHwsSB0NvbnRlbnQiEkFNTENTLTcyMzIxMjQ4OTMyNgw, for request with ticket number #AMLCS-723212489326.
Thank you.
Respectfully,
FOI Receiving Officer
FOI Officer
A.DECISION MAKER
March 9, 2022, 2:47 p.m.
March 9, 2022
Dear Ma. Angelica Penuliar,
Greetings!
Thank you for your request dated Mar 02, 2022 05:30:58 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
The bank is requesting for a Certificate of Registration with the Anti-Money Laundering Council (AMLC). This is being required by the bank as part of customer due diligence because jewelry dealers are covered persons under Republic Act No. 9160, otherwise known as the anti-Money Laundering Act of 2001, as amended (AMLA).
The AMLC Provisional Certificate of Registration (PCOR) may be obtained by registering at the AMLC Portal at https://portal.amlc.gov.ph/amlc/ and uploading the following documents pursuant to Part 2 (Online Registration) of the 2021 AMLC Registration and Reporting Guidelines (ARRG) and Section 49 of the 2021 Anti-Money Laundering/Counter-Terrorism Financing Guidelines for Designated Non-Financial Businesses and Professions (DNFBPs):
(a) Most recent Certificate of Registration from the Department of Trade and Industry (DTI);
(b) Notarized Deeds of Undertaking of the entity, signed by the proprietor; and
(c) Notarized Certificate of designation as Compliance Officer.
After registration, you will be provided a PCOR, which you can use to present to the bank for the opening of your online business account, in compliance with the latter’s customer due diligence measures prescribed under the 2018 Implementing Rules and Regulation (IRR) of the AMLA.
However, it should be noted that the PCOR shall be valid only for a period of six (6) months, and the DNFBP shall be issued a Certificate of Registration (COR) only upon submission of the following requirements under 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 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 AMLC Registration and Reporting Guidelines.
Should you require assistance at any stage of the process, or for any registration-related query, you may contact the Registration Staff, Data Collection and Management Unit of the AMLC at Telephone Nos. (632) 87087067, (632) 53020- 3948, or (632) 5310-3244, or Cellphone Nos. 09157780720 and 09687727045.
We hope we have been of assistance
Respectfully,
FOI Decision Maker
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