Anti-Money Laundering Council(AMLCS)

June 17, 2022 Dear Mr. Manit, Greetings! Thank you for your request dated May 31, 2022 03:29:59 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch. The bank is requesting from its clients/potential clients Certificates of Registration with the Anti-Money Laundering Council (AMLC). This is required as part of its customer due diligence because real estate developers and 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, the applicant will be provided with a PCOR, which can be presented 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), which can be accessed through this link: http://www.amlc.gov.ph/images/PDFs/2021-AMLC%20REGISTRATION%20AND%2 0REPORTING%20GUIDELINES.pdf. 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 Mobile Nos. (63)9157780720 and (63)9687727045. We hope we have been of assistance. Respectfully, FOI Decision Maker