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Please be advised that the Bangko Sentral ng Pilipinas-Anti-Money Laundering Council wishes to inform the Rural Banks about a resolution concerning the Anti-Money Laundering Law. Kindly read the message below.

 

The Anti-Money Laundering Council (AMLC) issued Resolution No. TF-02, dated 08 October 2012, directing covered institutions to freeze and preserve without delay property or funds, including related accounts, of the designated terrorist individuals and entities named in the Taliban 1988 Sanctions List, pursuant to United Nations Security Council Resolution No. 1988. UNSC Resolution No. 1988 and the Taliban 1988 Sanctions List may be viewed and downloaded from the AMLC website: www.amlc.gov.ph and from the Taliban Sanctions Committee website: http://www.un.org/sc/committees/1988/list.shtml. All succeeding updates to both the Taliban 1988 Sanctions List and the Al-Qaida Sanctions List shall be posted in the AMLC website.   Section 8 of Republic Act No. 10168, otherwise known as the “The Terrorism Financing Prevention and Suppression Act of 2012” prohibits any person from either: i) dealing with any property or funds belonging to designated persons and entities; or ii) making available any property or funds, financial or other related services to designated and/or identified persons and entities named in the Taliban 1988 Sanctions List.   For your guidance, we are attaching hereto a copy of AMLC Resolution No. TF-02.   Kindly acknowledge receipt hereof.

Thank you.

ATTY. MA. RHEA SANTOS-MENDOZA
Bank Officer IV/ Anti-Money Laundering Council Secretary
Anti-Money Laundering Council Secretariat
5th Floor, EDPC Building
Bangko Sentral ng Pilipinas Complex
Malate, Manila
TL (632) 7087701 loc. 2745