On December 11, 2024, the Philippines Anti-Money Laundering Council (AMLC) issued Transaction Reporting Guidelines outlining the regulatory requirements for transaction reporting and compliance submissions, as mandated by the Anti-Money Laundering Act (AMLA) of 2001 and its amendments.
These guidelines are intended for covered persons—financial institutions and designated non-financial businesses—to ensure compliance with AMLA’s transaction reporting requirements.
To know more, click https://www.fcctimes.com/2024/12/11/amlc-issues-new-guidelines-for-reporting-covered-and-suspicious-transactions/?utm_source=RZOLUTWebsite&utm_medium=FCCRegUpdate14May25
