The Anti-Money Laundering Council is the agency of the Government of the Philippines that is tasked to implement the provisions of Republic Act No. 9160, also known as the “Anti-Money Laundering Act of 2001”, as amended, and Republic Act No. 10168, also known as the “Terrorism Financing Prevention and Suppression Act of 2012”. It serves as the Philippines' central anti-money laundering/counter-terrorism financing authority. As such, it functions as the AML/CTF regulator and supervisor, financial intelligence unit, and primary law enforcement agency of the Philippines against money laundering and terrorist financing. The AMLC may refer to the government agency or the Council, which heads the said government agency.
Mandate
The AMLC is mandated to implement the AMLA and TFPSA, in accordance with the following State policies:
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.
TFPSA
To protect life, liberty and property from acts of terrorism and to condemn terrorism and those who support and finance it; and to recognize it as inimical and dangerous to national security and the welfare of the people; and to make the financing of terrorism a crime against the Filipino people, against humanity and against the law of nations.
To reinforce the fight against terrorism by preventing and suppressing the commission of said offenses through freezing and forfeiture of property or funds while protecting human rights.
CAM and ESS are directly reporting to the Executive Director, while AFITSG and CPG report to a Director. Under the DPD are the following functional groups/units:
Republic Act No. 9160 – Anti-Money Laundering Act of 2001
Republic Act No. 9194 – Amending the AMLA
Republic Act No. 10167 – Strengthening the AMLA
Republic Act No. 10365 – Further Strengthening the AMLA
Republic Act No. 10927 – Designating Casinos as Covered Persons under the AMLA
2016 Revised Implementing Rules and Regulations of Republic Act No. 9160, As Amended
2018 Implementing Rules and Regulations of Republic Act No. 9160, As Amended
Casino Implementing Rules and Regulations of Republic Act No. 10927
Anti-Money Laundering/Counter-Terrorism Financing Guidelines for Designated Non-Financial Businesses and Professions
Rules of Procedure in Administrative Cases under Republic Act No. 9160, as Amended
A.M. No. 05-11-04-SC – Rule of Procedure in Cases of Civil Forfeiture, Asset Preservation, and Freezing of Monetary Instrument, Property, or Proceeds Representing, Involving, or Relating to an Unlawful Activity or Money Laundering Offense under Republic Act No. 9160, as Amended.
Republic Act No. 10168 – Terrorism Financing Prevention and Suppression Act of 2012
Implementing Rules and Regulations of Republic Act No. 10168
