About this document
Overview of AMLA 2001 in the Philippines by Leny Joy Dupo is a document available to read on EtoBox.
The Anti-Money Laundering Act of 2001 aims to prevent money laundering activities in the Philippines. It defines money laundering and covered persons, and establishes obligations for covered institutions. Key obligations include customer identification, record keeping of transactions for at least five years, and reporting covered transactions over PHP500,000 and suspicious transactions to the Anti-Money Laundering Council within 5-15 days. Suspicious transactions exhibit circumstances such as no legitimate
- Author
- Leny Joy Dupo
- Language
- EN