Published by Anti-Money Laundering Council(AMLCS) on May 4, 2022.
Requested from AMLC by R. Ochinang at 01:17 PM on
May 4, 2022.
Purpose: requirement for bank account opening
Date of Coverage: 05/04/2022 - 05/04/2022
Tracking no: #AMLCS-782219819878
M.MADARANG-UY
May 4, 2022, 1:17 p.m.
Hello, would like to request for Certificate of Registration from AMLC on behalf of 1SARI Financing Corp., a company that we have recently registered with SEC.
The certificate is one of the requirements for bank account opening.
Thank you for your kind accommodation.
F.OFFICER
May 4, 2022, 3:10 p.m.
May 4, 2022
Dear Ms. Madarang-Uy,
We refer to your request dated May 04, 2022 01:17:41 PM about your request under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Request for Certifcate of Registration.
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. What is the line of business you are transacting for? Give a short description/classification.
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://zcwdv320190208-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHwsSB0NvbnRlbnQiEkFNTENTLTc4MjIxOTgxOTg3OAw, for request with ticket number #AMLCS-782219819878, 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 Jul 27, 2022 07:08:53 AM, your request will be closed.
We hope to hear from you at the soonest possible time.
Thank you.
Respectfully,
FOI Receiving Officer
FOI Officer
M.MADARANG-UY
May 5, 2022, 3:38 p.m.
1. What is the line of business you are transacting for? Give a short description/classification.
Reply:
1Sari Financing Corp. was organized to primarily provide working capital financing in the form of merchandise or supply chain store credits to microenterprises such as sari sari stores, neighborhood bakeries, neighborhood eateries, and the like, that have no access to credit from traditional financial institutions. The working capital credit that 1Sari provides is considered microlending. Aside from financing supply chain needs of these microenterprises, 1Sari is envisioned to provide these microenterprises valuable entrepreneurial and financial literacy & guidance, and a disciplined approach to credit.
2. Are you the owner of this business? If no, what is your position/designation in the business, if applicable.
Reply: I am the Corporate Secretary.
M.MADARANG-UY
May 23, 2022, 11:07 a.m.
Hello, would like to follow-up status of this request. Thank you
F.OFFICER
May 25, 2022, 9:40 a.m.
May 25, 2022
Dear May Ann,
Thank you for your request dated May 04, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Request for Certifcate of Registration.
We received your request on May 04, 2022 and will respond on or before May 25, 2022 01:17:41 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://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHwsSB0NvbnRlbnQiEkFNTENTLTc4MjIxOTgxOTg3OAw, for request with ticket number #AMLCS-782219819878.
Thank you.
Respectfully,
FOI Receiving Officer
A.DECISION MAKER
May 25, 2022, 9:43 a.m.
May 25, 2022
Dear Ms. Madarang-Uy,
Thank you for your request dated 04 May 2022 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) as part of its customer due diligence on a covered person (i.e.,1Sari Financing Corp.) opening an account with another covered person (i.e., the bank) under Republic Act No. 9160, otherwise known as the Anti-Money Laundering Act of 2001, as amended (AMLA).
The AMLC Certificate of Registration (COR) may be obtained for free by registering at the AMLC Portal at https://portal.amlc.gov.ph/amlc/ and uploading the following documents pursuant to AMLC Citizen’s Charter Handbook, in relation to Part 2 (Online Registration) of the 2021 AMLC Registration and Reporting Guidelines (ARRG):
(a) Valid electronic mail (e-mail) address;
(b) Public Key obtained using the GNU Privacy Guard (GPG) software accessible at https://portal.amlc.gov.ph/amlc/;
(c) Notarized Secretary’s Certificate of the Board/Partnership Resolution indicating the appointment of the CO/AP/PDO;
(d) Most Recent Articles of Incorporation and General Information Sheet
(e) Certificate of Designation as CO/AP/PDO; and
(f) Notarized Deeds of Undertaking of the entity, signed by the proprietor/partners/ president/directors.
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 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.
Please be guided accordingly.
Respectfully,
FOI Decision Maker
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