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Download: Flyer (.PDF 349kb) Course Outline (.PDF 167kb) |
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presents
TUESDAY, MARCH 7, 2023 * 9:00 AM TO 12:00 NN * via
This AMLA awareness program is to cater to the mandatory training and compliance of all covered persons and institutions. It is to update everyone on the recent developments including the revised IRR of 2021 effective January 31 and the newly released 2021 Anti-Money Laundering/ Counter-Terrorism Financing Guidelines for Designated Non-Financial Businesses and Professions effective May 26, 2021.
All insurance, pre-need, reinsurance companies, mutual benefit associations, trusts for charitable uses, HMOs and other covered persons (agents, brokers, etc.) and institutions regulated by Insurance Commission are required to implement detailed policies, procedures and training that will prevent money laundering and terrorism financing. AMLC also recently included all Real Estate Brokers and Developers as well as Offshore Gaming Operators and their service providers that are supervised, accredited or regulated by the Philippine Amusement and Gaming Corporation (PAGCOR) or any Appropriate Government Agencies (AGA).
The lecture is to provide participants and their organizations the guidance to good governance practices that one will find useful to mitigate business exposures to reputational, legal and regulatory risks. Non-compliance can be very costly including jailtime, penalty of up to P1 million per violation and asset forfeiture.
Course Director & Lecturer:
ATTY. ALPHECCA ADOLFO-MADRID is a Certified Public Accountant and a Lawyer with expertise in anti-money laundering, banking, and taxation laws. She is a Certified Anti-Money Laundering Specialist (CAMS) highly skilled in audit, compliance, and integrity due diligence. Atty. Adolfo-Madrid is an Integrity Due Diligence consultant at the Asian Development Bank.
Prior to ADB, she was assigned at the Anti-Money Laundering Council Financial Intelligence and Analysis Group as well as the Compliance and Supervision Group where she had written various Financial Intelligence Reports for use by foreign financial intelligence units and Philippine and foreign law enforcement and intelligence agencies. She was also a resource speaker in various government institutions. Eight (8) years of her career was with the Bangko Sentral ng Pilipinas as a Bank Examiner and three (3) years in SGV & Co. (a member of Ernst and Young Global) as a Tax Auditor.
ATTY. ALPHECCA ADOLFO-MADRID is a Certified Public Accountant and a Lawyer with expertise in anti-money laundering, banking, and taxation laws. She is a Certified Anti-Money Laundering Specialist (CAMS) highly skilled in audit, compliance, and integrity due diligence. Atty. Adolfo-Madrid is an Integrity Due Diligence consultant at the Asian Development Bank.
Prior to ADB, she was assigned at the Anti-Money Laundering Council Financial Intelligence and Analysis Group as well as the Compliance and Supervision Group where she had written various Financial Intelligence Reports for use by foreign financial intelligence units and Philippine and foreign law enforcement and intelligence agencies. She was also a resource speaker in various government institutions. Eight (8) years of her career was with the Bangko Sentral ng Pilipinas as a Bank Examiner and three (3) years in SGV & Co. (a member of Ernst and Young Global) as a Tax Auditor.
Who Should Attend:
- Covered persons / organizations
under BSP
- Covered persons / organizations
under IC
- Covered persons / organizations
under SEC
- Designated Non-Financial
Businesses and Professions
(DNFBPs)
- Everyone interested in the AMLA &
its Implementing Rules and
Regulations
*Training investment is
P 3,880 / person inclusive of an
e-certificate and a
printed learning material
*Optional: Add P450 for a printed copy of a certificate of attendance inclusive of delivery charge-----------------------------------------------
Contact Person: Kyra Villanueva
Telefax: (+632) 8842-7148 or 59
Email: kyra.cgbp@yahoo.com
Check: www.cgbp.ph
under BSP
- Covered persons / organizations
under IC
- Covered persons / organizations
under SEC
- Designated Non-Financial
Businesses and Professions
(DNFBPs)
- Everyone interested in the AMLA &
its Implementing Rules and
Regulations
P 3,880 / person inclusive of an
e-certificate and a
printed learning material
*Optional: Add P450 for a printed copy of a certificate of attendance inclusive of delivery charge
Email: kyra.cgbp@yahoo.com
Check: www.cgbp.ph
|
"This is my first time attending a training webinar by Center for Global Best Practices and I must say that I am quite impressed because since day 1 from the time that I register (which was only 2 days before the actual seminar) until the very end of the program - everything was organized even to the smallest detail. CGBP is very professional in handling trainings. Thank you." Atty. Marvyn Rose D. Arbes Lawyer Citillion Properties, Inc. "The training was conducted professionally." John Paul N. Reyes Senior Internal Audit Manager Trinity Insurance Brokers, Inc. "Very informative and the resource person cascaded information properly." Mary Maylanie Lopez-Precilla Vice President ISOC Land, Inc. |
AWARENESS TRAINING AND UPDATES ON AMLA
9:00 am to 12:00 nn, Tuesday, March 7, 2023 via
COURSE OUTLINE
I. What is Money Laundering
II. The Anti-Money Laundering Act of 2001
- Salient Features
- Updates including newly released AML Guidelines for Designated
Non-Financial Business and Professions effective May 26
III. Governing Principles (2018 IRR and 2021 Revised IRR)
IV. Guidelines for Insurance Commission Regulated Entities (ICREs)
V. Guidelines for Other Covered Entities and Persons
VI. Responsibilities of ICREs
VII. Money Laundering Offenses
- Offenses & Penalties
- Other Offenses
- Penalties Under IC Guidelines
VIII. Unlawful Activity
IX. Regulatory Compliance Framework
- Know Your Customer
- Record Keeping
- Reporting of Covered and Suspicious Transactions
- Training of Employees
- Written Anti-Money Laundering Prevention Program
X. Covered Persons
XI. Covered Transaction Reporting
XII. Suspicious Transaction Reporting
XIII. Indicators of Suspicious Transactions
XIV. Reporting of Covered and Suspicious Transactions to the AMLC
XV. Breach of Confidentiality
XVI. AMLC (The Anti-Money Laundering Council of the Philippines)
XVII. Other Updates that May be Issued by AMLC up to February 2023
II. The Anti-Money Laundering Act of 2001
- Salient Features
- Updates including newly released AML Guidelines for Designated
Non-Financial Business and Professions effective May 26
III. Governing Principles (2018 IRR and 2021 Revised IRR)
IV. Guidelines for Insurance Commission Regulated Entities (ICREs)
V. Guidelines for Other Covered Entities and Persons
VI. Responsibilities of ICREs
VII. Money Laundering Offenses
- Offenses & Penalties
- Other Offenses
- Penalties Under IC Guidelines
VIII. Unlawful Activity
IX. Regulatory Compliance Framework
- Know Your Customer
- Record Keeping
- Reporting of Covered and Suspicious Transactions
- Training of Employees
- Written Anti-Money Laundering Prevention Program
X. Covered Persons
XI. Covered Transaction Reporting
XII. Suspicious Transaction Reporting
XIII. Indicators of Suspicious Transactions
XIV. Reporting of Covered and Suspicious Transactions to the AMLC
XV. Breach of Confidentiality
XVI. AMLC (The Anti-Money Laundering Council of the Philippines)
XVII. Other Updates that May be Issued by AMLC up to February 2023
*Note: This training is accredited by the Anti-Money Laundering Council (AMLC)
and Securities and Exchange Commission (SEC).
AMLA - COVERED INSTITUTIONS
A. Persons supervised or regulated by Bangko Sentral ng Pilipinas (BSP), such as:
• Banks
• Non-banks
• Quasi-banks
• Trust entities
• Pawnshops
• Non-stock Savings and Loan Associations
• Electronic money issuers
• All other persons and their subsidiaries and affiliates supervised or regulated by the BSP.
B. Persons supervised or regulated by Insurance Commission (IC), such as:
• Insurance companies
• Pre-need companies
• Insurance agents
• Insurance brokers
• Professional reinsurers
• Reinsurance brokers
• Holding companies
• Holding company systems
• Benefit Associations
• All other persons and their subsidiaries and affiliates supervised or regulated by the IC.
C. Persons supervised or regulated by the Securities and Exchange Commission (SEC) , such as:
• Securities dealers
• Brokers
• Salesmen
• Investment houses and
• Other similar persons managing securities or rendering services such as investment agents, advisors, or consultants.
• Mutual funds or open-end companies
• Close-end investment
• Investment companies or issuers and other similar entities;
• Other entities administering or otherwise dealing in commodities, or financial derivatives based thereon,
valuable objects, cash substitutes and other similar monetary instruments or properties supervised and
regulated by the SEC.
D. Designated Non-Financial Businesses and Professions (DNFBPs)
• Real Estate Brokers and Developers
• Offshore Gaming Operators, as well as their service providers, supervised, accredited or regulated by the
Philippine Amusement and Gaming Corporation (PAGCOR) or any Appropriate Government Agency (AGA)
• Jewelry dealers, dealers in precious metals, and dealers in precious stones
• Company service providers
- acting as a formation agent of juridical persons;
- acting as (or arranging for another person to act as) a director or corporate, secretary of a company,
a partner of a partnership, or a similar position in relation to other juridical persons
- providing a registered office;
- business address or accommodation, correspondence or administrative address for a company, a partnership
or any other legal person or arrangement; and
- acting as (or arranging for another person to act as) a nominee shareholder for another person.
• Persons, including lawyers and accountants, who provide any of the following services:
- Managing of client money, securities or other assets;
- Management of bank, savings, securities or other assets;
- Organization of contributions for the creation, operation or management of companies; and
- Creation, operation or management of juridical persons or and buying arrangements and selling business entities.
A. Persons supervised or regulated by Bangko Sentral ng Pilipinas (BSP), such as:
• Banks
• Non-banks
• Quasi-banks
• Trust entities
• Pawnshops
• Non-stock Savings and Loan Associations
• Electronic money issuers
• All other persons and their subsidiaries and affiliates supervised or regulated by the BSP.
B. Persons supervised or regulated by Insurance Commission (IC), such as:
• Insurance companies
• Pre-need companies
• Insurance agents
• Insurance brokers
• Professional reinsurers
• Reinsurance brokers
• Holding companies
• Holding company systems
• Benefit Associations
• All other persons and their subsidiaries and affiliates supervised or regulated by the IC.
C. Persons supervised or regulated by the Securities and Exchange Commission (SEC) , such as:
• Securities dealers
• Brokers
• Salesmen
• Investment houses and
• Other similar persons managing securities or rendering services such as investment agents, advisors, or consultants.
• Mutual funds or open-end companies
• Close-end investment
• Investment companies or issuers and other similar entities;
• Other entities administering or otherwise dealing in commodities, or financial derivatives based thereon,
valuable objects, cash substitutes and other similar monetary instruments or properties supervised and
regulated by the SEC.
D. Designated Non-Financial Businesses and Professions (DNFBPs)
• Real Estate Brokers and Developers
• Offshore Gaming Operators, as well as their service providers, supervised, accredited or regulated by the
Philippine Amusement and Gaming Corporation (PAGCOR) or any Appropriate Government Agency (AGA)
• Jewelry dealers, dealers in precious metals, and dealers in precious stones
• Company service providers
- acting as a formation agent of juridical persons;
- acting as (or arranging for another person to act as) a director or corporate, secretary of a company,
a partner of a partnership, or a similar position in relation to other juridical persons
- providing a registered office;
- business address or accommodation, correspondence or administrative address for a company, a partnership
or any other legal person or arrangement; and
- acting as (or arranging for another person to act as) a nominee shareholder for another person.
• Persons, including lawyers and accountants, who provide any of the following services:
- Managing of client money, securities or other assets;
- Management of bank, savings, securities or other assets;
- Organization of contributions for the creation, operation or management of companies; and
- Creation, operation or management of juridical persons or and buying arrangements and selling business entities.
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*Training investment P 3,880 / person inclusive of an e-certificate and a printed learning material
*Optional: Add P450 for a printed copy of a certificate of attendance inclusive of delivery charge
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 Auugust 24 & 25, 2023 1:30PM to 4:45PM via
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 Wednesday, Thursday & Friday October 25, 26 & 27, 2023 1:30PM to 4:45PM via
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 2023 via
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 11-Session webinar starting June 21, 2023 via
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