Final Extension of the Deadline for Compliance with AMLC Regulatory Issuance (ARI) A, B and C, No. 2, Series of 2018, Also Known as the Guidelines on Digitization of Customer Records (DIGICUR)

September 24, 2021 AMLC REGULATORY ISSUANCE (ARI) NO. 6, S. 2021 SUBJECT : Final Extension of the Deadline for Compliance with AMLC Regulatory Issuance (ARI) A, B an d C, No. 2, Ser ies of 2018, Also Known as the Guide lines on Digitization of Customer Records (DIG ICUR) By the authority vested upon the Anti-Money Laundering Council (AMLC) to implement measures as may be necessary and justified to counteract money laundering, in accordance with Section 7 (7) of Republic Act (RA) No. 9160, also known as the Anti-Money Laundering Act of 2001, as amended (AMLA), the Council in its Resolution No. 205 dated 22 September 2021, all concerned Covered Persons are: 1. GRANTED a final extension of the deadline for compliance with the DIGICUR to a non-extendable period of one year from 30 September 2021, or until 30 September 2022. For this purpose, all prior and subsequent requests for extension shall be covered by this ARI; 2. REQUIRED to submit to the AMLC, through email/AMLC portal, a Quarterly DIGICUR Status Report of Compliance (QUADSREC) to be certified correct by the Chief Compliance Officer, and attested by the President or Chief Executive Officer or its equivalent. For this purpose, the QUADSREC template is hereto attached as Annex "A", which shall be submitted within fifteen (15) calendar days after each reference quarter, except that the first report shall be submitted on or before 31 October 2021. Submission of the QUADSREC shall continue until such time that such covered persons have fully completed and complied with all the requirements of the DIGICUR. For fully complied Covered Persons, a one-time submission of the QUADSREC is sufficient, which shall be submitted on or before 31 October 2021; 3. WARNED that failure to submit the QUADSREC shall constitute a Serious Violation ( i.e. , penalty between Php15,000.00 to Php150,000.00 per account) under Item C.25, Table A, Section 2, Rule IV of the Rules of Procedure in Administrative Cases (RPAC) for violation of orders, resolutions, and issuances of the AMLC; and 4. REMINDED that non-compliance with the DIGICUR is a Grave Violation ( i.e. , penalty between Php37,500.00 to Php375,000.00 per customer) under Item A.4, Table A., Section 2, Rule IV of the RPAC. This ARI supplements ARI A, B and C, No. 2, Series of 2018, also known as the Guidelines on Digitization of Customer Records (DIGICUR), and shall take effect on 1 October 2021, following its publication in a newspaper of general circulation, or in the Official Gazette. BY AUTHORITY OF THE AMLC: (SGD.) MEL GEORGIE B. RACELA Executive Director Anti-Money Laundering Council Secretariat ANNEX A Quarterly DIG ICUR Status Report (QUAD SREC) Name of the Covered Person ____ Quarter, 202__