Anti-money laundering seminar set
MANILA, Philippines - The Center for Global Best Practices (a BSP-accredited training provider) is launching a special program titled, “Best Practices Guide to Compliance with the Anti-Money Laundering Law and Its IRR” on Aug. 24, at the EDSA Shangri-La Hotel, Mandaluyong City.
The lecture aims to update all covered institutions and persons in compliance with the BSP regulation for them to periodically attend a mandatory anti-money laundering seminar.
Covered institutions and persons include banks, non-banks, quasi banks, trust entities, non-stock savings and loan associations, pawnshops, foreign exchange dealers, money changers, remittance and transfer companies, electronic money issuers and other financial institutions which under special laws are subject to Bangko Sentral supervision and/or regulation, including their subsidiaries and affiliates.
The lecture will provide guidance to participants to prevent them from being unwittingly exploited by criminals, possible sanctions, fines and, in extreme cases, prosecution. Topics will include revised IRR on the anti-money laundering law, AML risk rating system, counter financing of terrorism (CFT), and global best practices that one should apply to mitigate business exposures to reputational, legal and regulatory risks.
For details and a complete list of best practices seminars, log on to www.cgbp.org or call Manila landlines 842-7148/ 59 & 556-8968/ 69 or Cebu lines: (032) 512-3106/ 07; Baguio telephone: (074) 423-5148).