AMLC Resolution No. 48, s. 2016
AMLC Resolution No. 48, s. 2016 • Anti-Money Laundering Council • Resolutions • Jun 15, 2016
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June 15, 2016 AMLC RESOLUTION NO. 48, S. 2016 Acting on the Memorandum dated 8 June 2016 of the Legal Services Group of the Anti-Money Laundering Council Secretariat, the Council resolved to: 1. Amend AMLC Resolution No. 10, Series of 2013 to Include in the list of 'no or low-risk' transactions "payment of dividends or interest on investments", the reporting of which may be deferred, provided, however, that the principal investment was previously reported; and 2. Request the Bangko Sentral ng Pilipinas, the Securities and Exchange Commission, and the Insurance Commission to disseminate the Resolution to all covered persons under their respective jurisdictions. (SGD.) AMANDO M. TETANGCO, JR. Chairman (Governor, Bangko Sentral ng Pilipinas) (SGD.) TERESITA J. HERBOSA Member (Chairperson, Securities and Exchange Commission) (SGD.) EMMANUEL M. DOOC Member (Commissioner, Insurance Commission)
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