Published by Anti-Money Laundering Council(AMLCS) on March 23, 2022.
Requested from AMLC by K. Clemente at 02:04 PM on
March 23, 2022.
Purpose: For Bank Opening of Real Estate Business
Date of Coverage: 03/23/2022 - 03/23/2022
Tracking no: #AMLCS-007412494684
L.ARBOSO
March 23, 2022, 2:04 p.m.
Hi I would like to ask how to get the Compliance Certificate from your good office. My Real Estate Business will open it's account at the Bank and they are requiring for us to submit the Certificate of Compliance from AMLA.
Hoping for your kind assistance in thi sregard.
Thank you very much.
F.OFFICER
March 28, 2022, 9:30 a.m.
March 28, 2022
Dear Luzviminda Arboso,
We refer to your request dated Mar 23, 2022 02:04:10 PM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Certificate of Compliance.
In order for us to work further on your request, we need more information from you regarding your query. In particular, please answer the following questions:
1. Give a short description/classification on your real estate business (i.e. licensed real estate broker, licensed real estate developer, real estate agent) .
2. Are you the owner of this business? If no, what is your position/designation in the business, if applicable.
You may use the reply function on the eFOI portal at https://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHwsSB0NvbnRlbnQiEkFNTENTLTAwNzQxMjQ5NDY4NAw, for request with ticket number #AMLCS-007412494684, to respond.
During the period of us awaiting your reply, your request will be put on hold. If we do not receive a reply on or before Jun 20, 2022 01:28:59 AM, your request will be closed.
We hope to hear from you at the soonest possible time.
Thank you.
Respectfully,
FOI Receiving Officer
L.ARBOSO
March 28, 2022, 2:49 p.m.
To answer you question please see below:
1) Licensed Real Estate Broker
Type of Business: Single Proprietor
2) Yes owner,
Position: Proprietress/ Real Estate Broker
F.OFFICER
April 4, 2022, 9:12 a.m.
April 4, 2022
Dear Ms. Arboso,
Thank you for your request dated Mar 23, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Certificate of Compliance.
We received your request on Mar 23, 2022 and will respond on or before Apr 13, 2022 02:04:10 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://dilgjmcnewlink20190128-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHwsSB0NvbnRlbnQiEkFNTENTLTAwNzQxMjQ5NDY4NAw, for request with ticket number #AMLCS-007412494684.
Thank you.
Respectfully,
FOI Receiving Officer
A.DECISION MAKER
April 4, 2022, 9:21 a.m.
April 4, 2022
Dear Ms. Arboso,
Thank you for your request dated 23 March 2022 under Executive Order No. 2, Series of 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 required by the bank as part of its customer due diligence because licensed real estate brokers 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 (DNFBP Guidelines):
(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 an account, in compliance with the latter’s customer due diligence measures prescribed under the 2018 Implementing Rules and Regulations (IRR) of the AMLA.
However, it should be noted that the PCOR shall only be valid for a period of six (6) months, and a Certificate of Registration will be issued only upon the 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 (ARRG).
Should you require assistance at any stage of the registration process, or for any registration-related inquiry, you may contact the Registration Staff, Data Collection and Management Unit, Compliance and Supervision Group of the AMLC, through Telephone Nos. (632)87087067 and (632)53103244, or Cellphone Nos. (63)9157780720 and (63)9687727045.
We hope we have been of assistance.
Respectfully,
FOI Decision Maker
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