TUESDAY, NOVEMBER 29, 2022 * 2:00 PM TO 4:15 PM
Covered and suspicious transaction reporting framework is one of the cornerstones of the Philippines' anti-money laundering/counter-terrorism financing (AML/ CTF) regime.
Covered Persons, as the first line of defense against money laundering/ terrorism financing (ML/ TF), are mandated to report all covered and suspicious transactions to the Anti-Money Laundering Council (AMLC).
The reports should be complete, accurate, and timely as they provide vital information for the effective identification and detection of financial crime patterns and trends through financial analysis. The results of analysis on these reports are essential in the investigation and prosecution of civil forfeiture, money laundering/ terrorism financing (ML/TF) and other related cases, as well as in assessing institutional, sectoral, and national ML/TF risks.
Enroll and learn everything you need to know in this training to avoid costly penalties up to P500,000 per violation and the revocation of your AMLC certification!
He is a lawyer and a certified public accountant. He was a former Financial Investigator of the Philippine Anti-Money Laundering Council (AMLC) Secretariat, where he acquired valuable insights and experience on AML/CFT matters. He was also a member of the AMLC Secretariat pool of lecturers conducting training programs for covered persons, law enforcement and other government agencies, the academe and other institutions.
His experience spans both the public and private sector. Rainer is an accredited trainer of the AMLC, a lecturer at the Philippine Institute of Certified Public Accountants (PICPA) and an empanelled trainer at the Finetelekt Academy.
He is also the founder of AML Consulting Ph which handles AML/CFT compliance matters of various covered persons in the Philippines.
I. OBLIGATIONS OF COVERED PERSONS: TRANSACTION REPORTING
• Covered Transaction Report (CTR)
• CTR Thresholds
• Suspicious Transaction Report (STR)
• STR Reporting Period
• Examples of Suspicious Transactions
II. OBLIGATIONS OF COVERED PERSONS: PREVENTIVE MEASURES
• Suspicious Circumstances under TF Suppression Law IRR (Rule 3.a.15)
• Confidentiality of Reports (3)
• Rule 1
• Rule 2
• Rule 3
• Penalty for breach of confidentiality
• Transaction Reports: Malicious Reporting
• Penalty
• 2021 AMLC Registration and Reporting Guidelines (ARRG)
III. PREPARATION AND SUBMISSION OF TRANSACTION REPORTS
• Form and Mode of Reporting
• Sample plotting of CSV File using Microsoft Excel
• AMLC Transaction Codes under Annex B of the 2021 ARRG
• Deferred Covered Transaction Reporting
• Transferring Files to AMLC
• Uploading of KYC documents for STRs
• Produces for uploading of KYC documents
Contact Person: Kyra Gayle Villanueva
Mobile Number (+63 968) 851-2347
Telefax: (+632) 8842-7148 or 59
Email: kyra.cgbp@yahoo.com
