ANTI-MONEY LAUDERING ACT

(AMLA)
Republic Act No.  9160, Otherwise Known as the “Anti-Money Laundering
Act of 2001”, As Amended by Republic Act No. 9194 and Republic Act
No.10168, otherwise known as the Terrorism Financing Prevention and
Suppression Act of 2012 and Republic Act No. 10365, An Act Further
Strengthening the Anti-Money Laundering Law
 AMLA

Money Laundering
is a crime whereby the proceeds of an
unlawful activity are transacted, thereby
making them appear to have originated
from legitimate sources.
 AMLA
Objectives of AMLA
 To protect and preserve the integrity of the Philippine financial
system, including the confidentiality of bank accounts.
 To ensure that the Philippines shall not be used as a money
laundering site for the proceeds of any unlawful activity.
 To extend cooperation, consistent with Philippines’ foreign
policy, in transnational investigations and prosecutions of
persons involved in money laundering activities wherever
committed.
 AMLA
Salient Features
 Criminalizes money laundering
 Creates a financial intelligence unit

 Imposes requirements on customer identification, record

keeping and reporting of covered and suspicious transactions
 Relaxes strict bank deposits secrecy laws

 Provides for bank inquiry and freeze ex parte

petition/seizure/forfeiture/recovery of dirty money/property
 Provides for international cooperation
 AMLA
Definition of Terms:
Money Laundering Offenses. – Money laundering is committed
by any person who, knowing that any monetary instrument or
property represents, involves, or relates to the proceeds of any
unlawful activity:

(a) transacts said monetary instrument or property;

(b) converts, transfers, disposes of, moves, acquires,
possesses or uses said monetary instrument or property;
(c) conceals or disguises the true nature, source, location,
disposition, movement or ownership of or rights with respect to
said monetary instrument or property;
 AMLA
Money Laundering Offenses:

(d) attempts or conspires to commit money laundering

offenses referred to in paragraphs (a), (b) or (c);
(e) aids, abets, assists in or counsels the commission of the
money laundering offenses referred to in paragraphs (a), (b) or
(c) above; and
(f) performs or fails to perform any act as a result of which
he facilitates the offense of money laundering referred to in
paragraphs (a), (b) or (c) above.
 AMLA
Anti-Money Laundering Act (AMLA) refers to Republic Act
No. 9160, as amended by Republic Act Nos. 9194, 10167 and
10365.

Anti-Money Laundering Council (AMLC) refers to the

financial intelligence unit of the Republic of the Philippines
which is the government agency tasked to implement the
AMLA.
 AMLA
Unlawful activity refers to any act or omission or series or combination
thereof involving or having direct relation to the following:
(1) Kidnapping for ransom under Article 267 of Act No. 3815, otherwise
known as the Revised Penal Code, as amended;
(2) Sections 4, 5, 6, 8, 9, 10, 11, 12, 13, 14, 15 and 16 of Republic Act No.
9165, otherwise known as the Comprehensive Dangerous Drugs Act of
2002;
(3) Section 3 paragraphs B, C, E, G, H and I of Republic Act No. 3019, as
amended, otherwise known as the Anti-Graft and Corrupt Practices Act;
(4) Plunder under Republic Act No. 7080, as amended;
(5) Robbery and extortion under Articles 294, 295, 296, 299, 300, 301 and
302 of the Revised Penal Code, as amended;
(6) Jueteng and Masiao punished as illegal gambling under Presidential
Decree No. 1602;
(7) Piracy on the high seas under the Revised Penal Code, as amended and
Presidential Decree No. 532;
(8) Qualified theft under Article 310 of the Revised Penal Code, as amended;
AMLA
 AMLA
Unlawful activities:
(9) Swindling under Article 315 and Other Forms of Swindling under Article
316 of the Revised Penal Code, as amended;
(10) Smuggling under Republic Act Nos. 455 and 1937;
(11) Violations of Republic Act No. 8792, otherwise known as the Electronic
Commerce Act of 2000;
(12) Hijacking and other violations under Republic Act No. 6235; destructive
arson and murder, as defined under the Revised Penal Code, as amended;
(13) Terrorism and conspiracy to commit terrorism as defined and penalized
under Sections 3 and 4 of Republic Act No. 9372;
(14) Financing of terrorism under Section 4 and offenses punishable under
Sections 5, 6, 7 and 8 of Republic Act No. 10168, otherwise known as the
Terrorism Financing Prevention and Suppression Act of 2012:
(15) Bribery under Articles 210, 211 and 211-A of the Revised Penal Code, as
amended, and Corruption of Public Officers under Article 212 of the
Revised Penal Code, as amended;
 AMLA
Unlawful activities:
(16) Frauds and Illegal Exactions and Transactions under Articles 213, 214,
215 and 216 of the Revised Penal Code, as amended;
(17) Malversation of Public Funds and Property under Articles 217 and 222
of the Revised Penal Code, as amended;
(18) Forgeries and Counterfeiting under Articles 163, 166, 167, 168, 169 and
176 of the Revised Penal Code, as amended;
(19) Violations of Sections 4 to 6 of Republic Act No. 9208, otherwise
known as the Anti-Trafficking in Persons Act of 2003;
(20) Violations of Sections 78 to 79 of Chapter IV, of Presidential Decree No.
705, otherwise known as the Revised Forestry Code of the Philippines, as
amended;
(21) Violations of Sections 86 to 106 of Chapter VI, of Republic Act No.
8550, otherwise known as the Philippine Fisheries Code of 1998;
(22) Violations of Sections 101 to 107, and 110 of Republic Act No. 7942,
otherwise known as the Philippine Mining Act of 1995;
 AMLA
Unlawful activities:
(23) Violations of Section 27(c), (e), (f), (g) and (i), of Republic Act No.
9147, otherwise known as the Wildlife Resources Conservation and
Protection Act;
(24) Violation of Section 7(b) of Republic Act No. 9072, otherwise known
as the National Caves and Cave Resources Management Protection Act;
(25) Violation of Republic Act No. 6539, otherwise known as the Anti-
Carnapping Act of 2002, as amended;
(26) Violations of Sections 1, 3 and 5 of Presidential Decree No. 1866, as
amended, otherwise known as the decree Codifying the Laws on
Illegal/Unlawful Possession, Manufacture, Dealing In, Acquisition or
Disposition of Firearms, Ammunition or Explosives;
(27) Violation of Presidential Decree No. 1612, otherwise known as the
Anti-Fencing Law;
28) Violation of Section 6 of Republic Act No. 8042, otherwise known as
the Migrant Workers and Overseas Filipinos Act of 1995, as amended by
Republic Act No. 10022;
AMLA
 AMLA
Unlawful activities:
(29) Violation of Republic Act No. 8293, otherwise known as the
Intellectual Property Code of the Philippines;
(30) Violation of Section 4 of Republic Act No. 9995, otherwise known
as the Anti-Photo and Video Voyeurism Act of 2009;
(31) Violation of Section 4 of Republic Act No. 9775, otherwise known
as the Anti-Child Pornography Act of 2009;
(32) Violations of Sections 5, 7, 8, 9, 10(c), (d) and (e), 11, 12 and 14 of
Republic Act No. 7610, otherwise known as the Special Protection of
Children Against Abuse, Exploitation and Discrimination;
(33) Fraudulent practices and other violations under Republic Act No.
8799, otherwise known as the Securities Regulation Code of 2000; and
(34) Felonies or offenses of a similar nature that are punishable under the
penal laws of other countries.
AMLA
 AMLA
COVERED INSTITUTIONS/PERSONS
“Covered persons”, natural or juridical, refer to:
(1) Supervised or regulated by the Bangko Sentral ng Pilipinas
(BSP);
a. banks f. pawnshops
b. non-banks g. money changers
c. quasi-banks h. remittance and transfer
d. trust entities companies
e. foreign exchange dealers
(2) Supervised or regulated by the Insurance Commission (IC);
a. insurance companies c. insurance agents
b. pre-need companies d. insurance brokers
 AMLA
“Covered persons”, natural or juridical, refer to:

(3) Supervised or regulated by the Securities and Exchange

Commission (SEC)

(i) securities dealers, brokers, salesmen, investment houses and

other similar persons managing securities or rendering services
as investment agent, advisor, or consultant,

(ii) mutual funds, close-end investment companies, common

trust funds, and other similar persons, and

(iii) other entities administering or otherwise dealing in

currency, commodities or financial derivatives based thereon,
valuable objects, cash substitutes and other similar monetary
instruments or property;
 AMLA
“Covered persons”, natural or juridical, refer to:
Designated Non-Financial Businesses and Professions (DNFBPs)
(4) jewelry dealers in precious metals, who, as a business, trade
in precious metals, for transactions in excess of One million
pesos (P1,000,000.00);

(5) jewelry dealers in precious stones, who, as a business, trade in

precious stones, for transactions in excess of One million pesos
(P1,000,000.00);
 AMLA
“Covered persons”, natural or juridical, refer to:
(6) company service providers which, as a business, provide any
of the following services to third parties: (i) acting as a
formation agent of juridical persons;
(ii) acting as (or arranging for another person to act as) a
director or corporate secretary of a company, a partner of a
partnership, or a similar position in relation to other juridical
persons;
(iii) providing a registered office, business address or
accommodation, correspondence or administrative address for
a company, a partnership or any other legal person or
arrangement; and
(iv) acting as (or arranging for another person to act as) a
nominee shareholder for another person
 AMLA
“Covered persons”, natural or juridical, refer to:

(7) persons who provide any of the following services:

(i) managing of client money, securities or other

assets;
(ii) management of bank, savings or securities
accounts;
(iii) organization of contributions for the creation,
operation or management of companies; and
(iv) creation, operation or management of juridical
persons or arrangements, and buying and selling
business entities
 AMLA
covered persons
It shall exclude lawyers and accountants acting as
independent legal professionals in relation to information
concerning their clients or where disclosure of
information would compromise client confidences or the
attorney-client relationship:
Provided, That these lawyers and accountants are
authorized to practice in the Philippines and shall
continue to be subject to the provisions of their
respective codes of conduct and/or professional
responsibility or any of its amendments
 AMLA

“Politically Exposed Person” (PEP)

refers to an individual who is or has been entrusted with
prominent public position in (a) the Philippines with
substantial authority over policy, operations or the use or
allocation of government-owned resources; (b) a foreign
State; or (c) an international organization.

In basic terms, a Politically Exposed

Person is someone who, through their prominent
position or influence, is more susceptible to being
involved in bribery or corruption.
 AMLA
In financial regulation, a politically exposed person (PEP)
is one who has been entrusted with a prominent public
function. A PEP generally presents a higher risk for
potential involvement in bribery and corruption by virtue
of their position and the influence that they may hold

 The Regulations require that enhanced customer due

diligence measures are taken to manage and mitigate
the risks posed by PEPs and their families and known
close associates
 AMLA
“Transaction” refers to any act establishing any right or
obligation, or giving rise to any contractual or legal
relationship between the parties thereto. It also includes any
movement of funds by any means with a covered person.

“Covered transaction” refers to:

1.    A transaction in cash or other equivalent monetary
instrument exceeding Five Hundred Thousand pesos
(Php500,000.00)

2.    A transaction exceeding One Million pesos

(Php1,000,000.00) in cases of jewelry dealers, dealers in
precious metals and dealers in precious stones
 AMLA
.    “Suspicious Transaction” refers to a transaction, regardless of
amount, where any of the following circumstances exists:
1.    there is no underlying legal or trade obligation, purpose or economic justification;

2.    the client is not properly identified;

3.    the amount involved is not commensurate with the business or financial capacity of
the client;

4.    taking into account all known circumstances, it may be perceived that the client’s
transaction is structured in order to avoid being the subject of reporting requirements
under the AMLA;

5.    any circumstance relating to the transaction which is observed to deviate from the
profile of the client and/or the client’s past transactions with the covered person;

6.    the transaction is in any way related to an unlawful activity or any money laundering
activity or offense that is about to be committed, is being or has been committed; or

7.    any transaction that is similar, analogous or identical to any of the foregoing.
 AMLA
"Proceeds" refers to an amount derived or realized from an
unlawful activity. It includes:

(1) All material results, profits, effects and any amount realized
from any unlawful activity;
(2) All monetary, financial or economic means, devices,
documents, papers or things used in or having any relation to
any unlawful activity; and
(3) All moneys, expenditures, payments, disbursements, costs,
outlays, charges, accounts, refunds and other similar items for
the financing, operations, and maintenance of any unlawful
activity
 AMLA
.   “Client/Customer” refers to any person who keeps an account,
or otherwise transacts business with a covered person. It
includes the following:
1.    any person or entity on whose behalf an account is
maintained or a transaction is conducted, as well as the
beneficiary of said transactions;
2.    beneficiary of a trust, an investment fund or a pension
fund;
 3.    a company or person whose assets are managed by an
asset manager;
4.    a grantor of a trust; and
5.    any insurance policy holder, whether actual or prospective.
 AMLA
3 stages in money laundering
1. Placement

2. Layering

3. Integration.
 AMLA
Methods and Stages of Money Laundering
 Placement –This is the movement of cash from its source. On
occasion the source can be easily disguised or misrepresented.
This is followed by placing it into circulation through financial
institutions, casinos, shops, bureau de change and other
businesses, both local and abroad. The process of placement
can be carried out through many processes including:
 Currency Smuggling – This is the physical illegal movement of
currency and monetary instruments out of a country. The
various methods of transport do not leave a discernible audit
trail 
FATF 1996-1997 Report on Money Laundering Typologies.
 AMLA
Placement 
 Bank Complicity – This is when a financial institution, such as
banks, is owned or controlled by unscrupulous individuals
suspected of conniving with drug dealers and other organised
crime groups. This makes the process easy for launderers. The
complete liberalisation of the financial sector without adequate
checks also provides leeway for laundering.
 Currency Exchanges – In a number of transitional economies
the liberalisation of foreign exchange markets provides room
for currency movements and as such laundering schemes can
benefit from such policies.
 Securities Brokers – Brokers can facilitate the process of
money laundering through structuring large deposits of cash in
a way that disguises the original source of the funds.
 AMLA
Placement 
 Blending of Funds – The best place to hide cash is with a lot of
other cash. Therefore, financial institutions may be vehicles for
laundering. The alternative is to use the money from illicit
activities to set up front companies. This enables the funds
from illicit activities to be obscured in legal transactions.
 Asset Purchase – The purchase of assets with cash is a classic
money laundering method. The major purpose is to change the
form of the proceeds from conspicuous bulk cash to some
equally valuable but less conspicuous form.
 AMLA
Layering – The purpose of this stage is to make it more difficult
to detect and uncover a laundering activity. It is meant to make
the trailing of illegal proceeds difficult for the law enforcement
agencies. The known methods are:
 Cash converted into Monetary Instruments – Once the
placement is successful within the financial system by way of a
bank or financial institution, the proceeds can then be
converted into monetary instruments. This involves the use of
banker’s drafts and money orders.
 Material assets bought with cash then sold – Assets that are
bought through illicit funds can be resold locally or abroad and
in such a case the assets become more difficult to trace and
thus seize.
 AMLA
Integration – This is the movement of previously laundered money
into the economy mainly through the banking system and thus such
monies appear to be normal business earnings. This is dissimilar to
layering, for in the integration process detection and identification of
laundered funds is provided through informants. The known methods
used are:
 Property Dealing – The sale of property to integrate laundered money
back into the economy is a common practice amongst criminals. For
instance, many criminal groups use shell companies to buy property;
hence proceeds from the sale would be considered legitimate.
 Front Companies and False Loans – Front companies that are
incorporated in countries with corporate secrecy laws, in which
criminals lend themselves their own laundered proceeds in an
apparently legitimate transaction.
 AMLA
Integration 
 Foreign Bank Complicity – Money laundering using known
foreign banks represents a higher order of sophistication and
presents a very difficult target for law enforcement. The willing
assistance of the foreign banks is frequently protected against law
enforcement scrutiny. This is not only through criminals, but also
by banking laws and regulations of other sovereign countries.
 False Import/Export Invoices – The use of false invoices by
import/export companies has proven to be a very effective way
of integrating illicit proceeds back into the economy. This
involves the overvaluation of entry documents to justify the
funds later deposited in domestic banks and/or the value of funds
received from exports.
AMLA
 AMLA
.    “Monetary Instrument” shall include, but is not limited to the following: 

1.    Coins or currency of legal tender of the Philippines, or of any other

country;

2.    Credit instruments, including bank deposits, financial interest,

royalties, commissions, and other intangible property;

3.    Drafts, checks, and notes;

4.    Stocks or shares, participation or interest in a corporation or in a

commercial enterprise or profit-making venture and evidenced by a
certificate, contract, instrument, whether written or electronic in character,
including those enumerated in Section 3 of the Securities Regulation
Code;
 AMLA
.    “Monetary Instrument” shall include, but is not limited to the
following: 

6.    Securities or negotiable instruments, bonds, commercial

papers, deposit certificates, trust certificates, custodial receipts, or
deposit substitute instruments, trading orders, transaction tickets,
and confirmations of sale or investments and money market
instruments; 

7.    Contracts or policies of insurance, life or non-life, contracts of

suretyship, pre-need plans, and member certificates issued by
mutual benefit association; and

8.    Other similar instruments where title thereto passes to another

by endorsement, assignment, or delivery.
 AMLA
“Record Keeping “– All records of all transactions of covered
institutions shall be maintained and safely stored for five (5)
years from the date of transactions. With respect to closed
accounts, the records on customer identification, account files
and business correspondence, shall be preserved and safety
stored for at least five (5) years from the dates when they were
closed.
 AMLA
Penalties for Money Laundering. - The following are the penalties to be
imposed on persons convicted of money laundering:
1. The penalty of imprisonment ranging from seven (7) to fourteen (14)
years and a fine of not less than three million pesos (Php3,000,000.00),
but not more than twice the value of the monetary instrument or
property involved in the offense, shall be imposed upon a person
convicted under Section 4(a) of the AMLA, as amended

SEC. 4. Money Laundering Offense. –It is committed by the following:

(a) Any person knowing that any monetary instrument or property
represents, involves, or relates to, the proceeds of any unlawful activity,
transacts or attempts to transact said monetary instrument or property.
 AMLA
Penalties for Money Laundering. - The following are the penalties
to be imposed on persons convicted of money laundering:
2. The penalty of imprisonment from four (4) to seven (7) years
and a fine of not less than one million five hundred thousand
pesos (Php1,500,000.00) but not more than three million pesos
(Php3,000,000.00), shall be imposed upon a person convicted
under Section 4(b) of the AMLA, as amended.
SEC. 4. Money Laundering Offense. –It is committed by the
following:
(b) Any person knowing that any monetary instrument or
property involves the proceeds of any unlawful activity,
performs or fails to perform any act as a result of which he
facilitates the offense of money laundering
 AMLA
Penalties for Money Laundering. - The following are the penalties to
be imposed on persons convicted of money laundering:
3. The penalty of imprisonment from six (6) months to four (4)
years or a fine of not less than One hundred thousand Philippine
pesos (Php100,000.00) but not more than Five hundred thousand
Philippine pesos (Php500,000.00), or both, shall be imposed on a
person convicted under Section 4(c) of this Act.
SEC. 4. Money Laundering Offense. –It is committed by the
following:
(c) Any person knowing that any monetary instrument or property
is required under this Act to be disclosed and filed with the Anti-
Money Laundering Council (AMLC), fails to do so.
 AMLA
4. Penalties for Failure to Keep Records. The penalty of
imprisonment from six (6) months to one (1) year or a fine of
not less than One hundred thousand Philippine pesos
(Php100,000.00) but not more than Five hundred thousand
Philippine pesos (Php500,000.00), or both, shall be imposed on
a person convicted under Section 9(b) of this Act.
Sec. 9(b) - All records of all transactions of covered
institutions shall be maintained and safely stored for five (5)
years from the dates of transactions. With respect to closed
accounts, the records on customer identification, account files
and business correspondence, shall be preserved and safely
stored for at least five (5) years from the dates when they were
closed.
 AMLA
5. Malicious Reporting:
Any person who, with malice, or in bad faith, reports or files a
completely unwarranted or false information relative to money
laundering transaction against any person shall be subject to a
penalty of six (6) months to four (4) years imprisonment and a
fine of not less than One hundred thousand Philippine pesos
(Php 100,000.00) but not more than Five hundred thousand
Philippine pesos (Php 500,000.00) , at the discretion of the
court
 AMLA
6. Breach of Confidentiality:
The punishment of imprisonment ranging from three (3) to eight
(8) years and a fine of not less than Five hundred thousand
Philippine pesos (Php 500,000.00) but not more than One
million Philippine pesos (Php 1,000,000.00) shall be imposed
on a person convicted for a violation under Section 9(c)

Sec. 9 (c) Covered institutions shall report to the AMLC all

covered transactions and suspicious transactions within five (5)
working days from occurrence thereof, unless the Supervisin g
Authority prescribes a longer period not exceeding ten (10)
working days
 AMLA
Authority to Inquire into Bank Deposits.
– Notwithstanding the provisions of Republic Act No. 1405, as
amended[;], Republic Act No. 6426, as amended[;], Republic
Act No. 8791, and other laws, the AMLC may inquire into or
examine any particular deposit or investment with any banking
institution or non-bank financial institution upon order of any
competent court in cases of violation of this Act when it has
been established that there is probable cause that the deposits
or investments involved are [in any way] related to an unlawful
activity as defined in Section 3(i) hereof or a money laundering
offense under Section 4 hereof;
 AMLA
Authority to Inquire into Bank Deposits.
except that no court order shall be required in cases involving
unlawful activities defined in Sections 3(i)(1), (2) and (12)
[:Provided, That this provision shall not apply to deposits and
investments made prior to the effectivity of this Act.
Banko Sentral Ng Pilipinas (BSP) may inquire into or examine
any deposit or investment with any banking institution or non-
bank financial institution when the examination is made in the
course of a periodic or special examination, in accordance with
the rules of examination of the BSP.
 AMLA
Rule 7. The Anti-Money Laundering Council. - The AMLC is
composed of the Governor of the BSP as Chairperson, and the
Commissioner of the IC and the Chairperson of the SEC, as
Members.

A.    Unanimous Decision. - The AMLC shall act unanimously

in the discharge of its functions. In case of incapacity, absence,
or disability of any member, the officer duly designated or
authorized to discharge the functions of the Governor of the
BSP, the Commissioner of the IC, and the Chairperson of the
SEC, as the case may be, shall act in his stead in the AMLC.
 AMLA
B.    Functions. - The functions of the AMLC are:

1.    to require and receive covered or suspicious transaction reports

from covered persons;

2.    to issue orders addressed to the appropriate Supervising

Authority or the covered person to determine the true identity of the
owner of any monetary instrument or property subject of a covered
or suspicious transaction report, or request for assistance from a
foreign State, or believed by the AMLC, on the basis of substantial
evidence, to be, in whole or in part, wherever located, representing,
involving, or related to, directly or indirectly, in any manner or by
any means, the proceeds of any unlawful activity;

3.    to institute civil forfeiture proceedings and all other remedial
proceedings through the Office of the Solicitor General;
 AMLA
4. to file complaints with the Department of Justice or the Office of
the Ombudsman for the prosecution of money laundering offenses and
other violations under the AMLA;
5.    to investigate suspicious transactions and covered transactions
deemed suspicious after investigation by the AMLC, money
laundering activities and other violations of the AMLA;

6.    to file with the Court of Appeals, ex parte, through the Office of
the Solicitor General:
a.    a petition for the freezing of any monetary instrument or property
that is in any way related to an unlawful activity; or
b.    an application for authority to inquire into or examine any
particular deposit or investment, including related accounts, with any
banking institution or non-bank financial institution
 AMLA
7.    to formulate and implement such measures as may be
necessary and justified under the AMLA to counteract money
laundering.

8.    to receive and take action in respect of any request from
foreign states for assistance in their own anti-money laundering
operations as provided in the AMLA.

9.    to develop educational programs, including awareness

campaign on the pernicious effects, the methods and techniques
used, and the viable means of preventing money laundering and
the effective ways of prosecuting and punishing offenders;
 AMLA
10.    to enlist the assistance of any branch, department, bureau,
office, agency or instrumentality of the government, including
government-owned and -controlled corporations, in
undertaking any and all anti-money laundering operations,
which may include the use of its personnel, facilities and
resources for the more resolute prevention, detection and
investigation of money laundering offenses and prosecution of
offenders. 

11.    to impose administrative sanctions for the violation of

laws, rules, regulations, orders, and resolutions issued pursuant
thereto.
 AMLA
12.    to require the Land Registration Authority and all its
Registries of Deeds to submit to the AMLC, reports on all real
estate transactions involving an amount in excess of Five
Hundred Thousand Pesos (Php500,000.00) within fifteen (15)
days from the date of registration of the transaction, in a form
to be prescribed by the AMLC.  The AMLC may also require
the Land Registration Authority and all its Registries of Deeds
to submit copies of relevant documents of all real estate
transactions.
 AMLA
IMPLEMENTING RULES AND REGULATIONS
OF REPUBLIC ACT NO. 10927,
“AN ACT DESIGNATING CASINOS AS COVERED
PERSONS UNDER REPUBLIC ACT NO. 9160,
OTHERWISE KNOWN AS THE ANTI-MONEY
LAUNDERING ACT OF 2001, AS AMENDED”
 AMLA
Section 5. Designation of Casinos as Covered Persons. –
Casinos, including internet and ship-based casinos, with
respect to their casino cash transactions related to their
gaming operations, and such other entities as may be
hereafter determined by AGA, are hereby designated as
covered persons under the AMLA

Casino” – refers to a business authorized or operated by the

appropriate government agency to engage in gaming
operations, including ship-based and internet-based
casinos
 AMLA
“Casino Cash Transaction” – refers to transactions
involving the receipt or payout of cash by and of a
casino, paid or received by or on behalf of a customer, or
such other cash transactions that may be determined by
AMLC and the AGA.

 “Covered Transaction” – refers to a single casino cash

transaction involving an amount in excess of Five
Million Pesos (P5,000,000.00) or its equivalent in any
other currency
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END OF THE PRESENTATION