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BSP Memo – Feb. 21, 2002 (Anti-Money Laundering Certification)

BANGKO SENTRAL NG PILIPINAS OFFICE OF THE DEPUTY GOVERNOR
SUPERVISION AND EXAMINATION SECTOR

MEMORANDUM TO ALL BANKS / NON-BANK FINANCIAL INSTITUTIONS

Subject: ANTI-MONEY LAUNDERING CERTIFICATION

Relative to the requirement under Circular No. 279 dated April 2, 2001 for banks and non-bank financial institutions to submit annually a certification on compliance with existing anti-money laundering regulations, attached is the suggested format of the certification to be submitted to the appropriate supervising and examining department of the Supervision and Examination Sector.

(Original signed)

ALBERTO V. REYES
Deputy Governor

February 21, 2002.

CERTIFICATION

Pursuant to the provisions of Section 2 of BSP Circular No. 279 dated April 2, 2001, we hereby certify:

  1. That we have monitored (Name of Bank/NBFI)’s compliance with R.A. No. 9160 (Anti-Money Laundering Act of 2001) as well as with BSP Circular Nos. 251, 253, 259 and 302;
  2. That the Bank/NBFI is complying with the required customer identification, documentation of all new clients, and continued monitoring of costumers’ activities;
  3. That the Bank/NBFI is also complying with the requirement to record all transactions and to maintain such records including the record of customer identification for at least five (5) years;
  4. That the Bank/NBFI does not maintain anonymous or fictitious accounts; and
  5. That we conducted regular anti-money laundering training sessions for all bank/NBFI officers and selected staff members holding sensitive positions.

_________________________
(Name of President or officer of equivalent rank)

_______________________
(Name of Compliance Officer)

SUBSCRIBED AND SWORN to before me, this ___ day of ______________, affiant exhibiting to me their Residence Certificate as follows:

Name CTC Date/Place Issued


Doc. No. ____;
Page No. ____;
Book No. ____;
Series of 2002.




   
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