Submission of Money Laundering and Terrorist Financing Prevention Program (MTPP)

2021 SEC NOTICE TO : 1) All Newly Covered Financing Companies and Lending Companies under SEC Memorandum Circular No. 4, Series of 2021 2) Those Applying for Certificate of Authority to Operate a Financing Company or a Lending Company SUBJECT : Submission of Money Laundering and Terrorist Financing Prevention Program (MTPP) As covered persons (CPs) supervised and regulated by the Securities and Exchange Commission (SEC), you are required to formulate and implement a comprehensive and risk-based Money Laundering and Terrorist Financing Prevention Program (MTPP). 1 Accordingly, notice is hereby given to all newly covered financing companies and lending companies to comply with the said requirement. Those who have not yet submitted their MTPPs, you are given until 21 June 2021 to submit your MTPP to the Anti-Money Laundering Division of the Enforcement and Investor Protection Department (AMLD-EIPD) of the Commission. The following procedures shall be followed in submitting the MTPP: 1. The official email address of the company as declared under SEC Memorandum Circular No. 28, Series of 2020 shall be used by CPs in submitting the MTPP. 2. A copy of the Board Resolution or Certification by the country/regional/area head or its equivalent for local branches approving the adoption of the MTPP shall be attached to the MTPP. 3. The MTPP and its attachment shall be submitted via electronic mail at [emailprotected] using this format: Subject : MTPP_Company Name_License Type (Example: MTPP_ABC Corporation_Financing Company) Document File Name : MTPP_Company Name_Date of Submission (Example: MTPP_ABC Corporation_03 June 2021) 4. An email confirmation from the AMLD-EIPD that the submission was duly received will be sent to the CP. 5. There is no need to submit a hard copy of the MTPP and its attachment. For entities applying for Certificate of Authority to Operate a Financing Company or Lending Company, the following procedures shall be followed: 1. A copy of the template of a Sworn Certification is provided under SEC Memorandum Circular No. 29, Series of 2020, which can be accessed thru the following link: https://www.sec.gov.ph/mc-2020/mc-no-29-s-2020/ 2. After accomplishing the Sworn Certification, submit one (1) copy to the Anti-Money Laundering Division of the Enforcement and Investor Protection Department (AMLD-EIPD) located at Ground Floor, North Wing, Secretariat Building, PICC Complex, Pasay City or thru email at [emailprotected] using this format: Subject : Sworn Certification_Company Name_Industry Classification (Example: Sworn Certification_ABC Corporation_Broker Dealer) Document File Name : Sworn Certification_Company_Name_Date of Submission (Example: Sworn Certification_ABC Corporation_03 June 2021) 3. The CP's copy of Sworn Certification will be stamped "Received" by the AMLD-EIPD or an email confirmation shall be sent by the AMLD-EIPD stating that the Certification was duly received. 4. The "Received" Sworn Certification or the Sworn Certification with the attached email confirmation shall form part of the documentary requirements for licensing to be submitted to the concerned SEC departments/offices. 5. Once the application for registration/licensing is approved, the CPs shall submit a soft copy of its MTPP within ten (10) days from receipt of its Certification of Registration and/or secondary license from the Commission following the procedures described above in submitting the MTPP. Failure to submit the MTPP is subject to applicable penalties as provided for under the 2018 AML/CFT Guideline for SEC Covered Persons and/or the Implementing Rules and Regulations of the AMLA, as amended. For inquiries, you may contact the AMLD-EIPD at [emailprotected] or at 8818-5717. For strict compliance. Footnotes 1. As prescribed in Chapter 4, Basic Principles and Policies to Combat Money Laundering and Terrorist Financing, SEC Memorandum Circular No. 16, Series of 2018 (AML/CFT Guidelines for SEC Covered Persons) .