Anti-Money Laundering Council(AMLCS)

March 26, 2021 Dear Ms. Salcedo, Thank you for your request dated 11 March 2021 under Executive Order No. 2 (S. 2016) on Freedom of Information in the Executive Branch. Your queries are: “1. How to report suspicious transactions to AMLC? 2. What is the major significance to Real Estate Holders?” In this regard, please be advised of the following procedure when reporting STR: 1. Register with the AMLC, through the following link: http://www.amlc.gov.ph/2015-12-09-07-34-10/amlc-registration. 2. After a successful registration, the covered person may submit covered transaction reports (CTRs) and STRs by downloading the AMLC Registration and Reporting Guidelines (ARRG), through this link: http://www.amlc.gov.ph/images/PDFs/AMLCARRG.pdf.pdf 3. Part 4 of the ARRG, specifically includes the following: a. Parties and Fields for reporting a CTR/STR b. How to encrypt files c. How to upload files Annex A further provides an example of an electronic record format. Should you require assistance at any stage of the process, or for any registration-related query, you may call the Data Collections and Quality Staff (DCQS) at 0916 5689906 or send an email to Ms. Arlene J. Pineda of DCQS, Compliance and Supervision Group (CSG), Detection and Prevention Department (DPD)-AMLCS, at: [email protected]. As regards the question on the major significance to real estate (stake) holders, we inform that 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) and real estate brokers (REBs) 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 (real estate developers and brokers engaging in a single cash transaction involving an amount in excess of seven million five hundred thousand pesos [P7,500,000.00] or its equivalent in any other currency). 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. We hope we have been of assistance Very truly yours, ALVIN L. BERMIDO FOI-Decision Maker AMLC Secretariat