BSP Circular No. 706 – Updated Anti-Money Laundering Rules and Regulations

Download Circular No. 705 in pdf format

Please note of the following:

Section X805.2.a. – Submission of the Revised and Updated MLPP. Approval by the Board of Directors or Country Head. All institutions are given 180 days from effectivity of Rules to prepare and have an updated MLPP.

Section X806.1.e.2. – Outsourcing Arrangement

Section X806.2.d. – Outsourcing of the gathering of minimum information and/or documents.

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