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Anti-Money Laundering Council Issues New Guidelines on Transaction Reporting and Compliance Submissions for Covered Entities

Under the Anti-Money Laundering Act (“AMLA”), those classified as covered persons are mandated to report to the Anti-Money Laundering Council (“AMLC”) all covered transactions and suspicious transactions within five (5) working days from occurrence thereof, unless a different period not exceeding fifteen (15) working days is prescribed.

Anti-Money Laundering Council Issues New Guidelines on Transaction Reporting and Compliance Submissions for Covered Entities Read More »

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