Tuesday, March 5, 2024 * 9:00 am to 12:00 nn
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.
She 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.