JK&C LIBRARYSEC Memorandum Circular No. 11, s. 2004
Overview
SEC Memorandum Circular No. 11, series of 2004, provides guidance to SEC-covered and regulated institutions concerning the submission of reports to the Anti-Money Laundering Council.
The circular sets out reporting-related requirements applicable to covered institutions and provides guidance concerning compliance with the applicable anti-money laundering regulatory framework.
Full Text
Overview
SEC Memorandum Circular No. 11, series of 2004, provides guidance to SEC-covered and regulated institutions concerning the submission of reports to the Anti-Money Laundering Council. The circular sets out reporting-related requirements applicable to covered institutions and provides guidance concerning compliance with the applicable anti-money laundering regulatory framework.
Short Title / Subject
To All SEC Covered (Regulated) Institutions: Submission to the Anti-Money Laundering Council of Reports
Full Text
REPUBLIC OF THE PHILIPPINES
SECURITIES AND EXCHANGE COMMISSION
SEC Building, EDSA, Greenhills, Mandaluyong City
SEC MEMORANDUM CIRCULAR NO. 11
Series of 2004
TO : ALL COVERED INSTITUTIONS
Pursuant to Resolution Nos. 382, 383 and 384, all dated 28 June 2004, of the Anti-Money Laundering Council ("AMLC"), all covered institutions, as defined under the Anti-Money Laundering Law and its Implementing Rules and Regulations, which are under the jurisdiction of the Securities and Exchange Commission, are hereby furnished with copies of the said AMLC's resolutions and the Letters of the United States Government dated 7 June 2004, 8 June 2004 and 15 June 2004.
In accordance with the same resolutions, the foregoing covered institutions are directed to submit directly to AMLC reports of any covered and suspicious transaction involving the subject of the aforementioned US Government Letters.
Issued this day 23rd of July 2004, Mandaluyong City, Philippines.
LILIA R. BAUTISTA
Chairperson
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Source
Official Source: Securities and Exchange Commission
Official URL: https://www.sec.gov.ph/mc-2004/sec-memorandum-circular-no-11-7/#gsc.tab=0
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, SEC Memorandum Circular No. 11, s. 2004, SEC Memorandum Circular No. 11, s. 2004, 2004-07-23
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Source
Securities and Exchange Commission Official source
Citation
Securities and Exchange Commission (SEC), Memorandum Circular, SEC Memorandum Circular No. 11, s. 2004, SEC Memorandum Circular No. 11, s. 2004, 2004-07-23