This AMLA awareness program is to cater to the mandatory training and compliance of all covered persons and institutions:
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 who 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 PAGCOR) and other Appropriate Government Agencies.
It is to update those on the recently revised IRR of 2021. Non-compliance can be very costly for you and your organization -- jailtime, forfeiture of assets and P1 million per violation! Enroll!