Advisory on New Transaction Codes

To all Compliance Officers

Please be advised that 58 new transaction codes identified by various covered institutions were approved by the undersigned on 15 March 2012, pursuant to an authorization from the AMLC. These additional transaction codes have been incorporated in the AMLC transaction codes library and are available for use by the covered institutions.

On 21 March 2012, the Council issued Resolution No. 34, series of 2012, approving the deletion of eight (8) transaction codes (Annex A) and the amendments to the titles/definitions of 24 transaction codes in the revised list of AMLC transaction codes (Annex B); and authorizing the Secretariat to evaluate and approve any subsequent requests for deletions and amendments to the revised list of transaction codes, with notice to the Council.

The Council likewise noted the inclusion of additional transaction codes as described in Annex C of the Resolution.

The approved Resolution and its Annexes are posted on the AMLC Portal. Requests for copies of the Annexes in Excel format should be coursed through the Information Management and Analysis Group, AMLC Secretariat, via email to Mr. George C. Tan, Deputy Director at: [email protected] or Ms. Mylene C. Meneses, Bank Officer III, at: [email protected]. 

For information, reference and guidance.



Executive Director