Amla
Amla
Amla
AMLC:
1 Chairman: BSP Governor
2 Members: Insurance Commission
SEC Chairperson
OBLIGATIONS
1 Customer Identification
2 Record keeping customer ident. & trans. docs must be kept for 5 years from date of transactions
3 Safe Harbor
4 Reportorial Requirements > 500K cash
> 1M jewelry
COVERED
> 5M casino cash transaction
> 7.5M RED/B cash transaction
w/n 5 working days
not exceeding 15 days
Transactions:
No legal/economic justification
Unidentified client
NOT commensurate w/ fin. Capacity of client
SUSPICIOUS Structured to avoid being subjected to reporting
Observed to deviate from the profile of client
Related to an unlawful activity or ML offense
w/n the next working
day from the occurrence Similar, analogous to any of the foregoing
CRIMES: JURISDICATION
Kidnapping Smuggling Regional Trial Court -Private individuals
Drug-related Hijacking Sandiganbayan -Public officers & those in
Graft & Corruption Terrorism conspiracy w/ them
Plunder Child porn PROSECUTION
Robbery Prostitution >Independent
Jueteng Piracy Illegal Recruitment >Separate & distinct Elements
Qualified theft Estafa >Knowledge (direct or circumstantial)
FREEZE ORDER BANK INQUIRY
-issued by CA upon probable cause W/ court order:
effective immediately for w/ probable cause
a period of 20 days
Effectivity: Without court order:
-shall not exceed 6 months kidnapping
Petition: Drug-related
-w/n 24 hours from filing Hijacking, arson/murder, & felonies
Terrorism, conspiracy, & financing terrorism