How to develop a money laundering, terrorism financing prevention program

Under the Chapter 5, Rule 16, Section 1 of the 2018 IRR of RA 9160 or the Anti-Money Laundering Act of 2001 (AMLA), as amended, all covered persons and institutions shall develop, adopt and implement a comprehensive and risk-based Money Laundering and Terrorism Financing Prevention Program (MTPP).

To help organizations on their compliance, the Center for Global Best Practices is launching a pioneering program entitled, How to Develop a Money Laundering and Terrorism Financing Prevention Program to be held on Tuesday and Thursday, May 16 and 18 from 1:30 to 4:45 p.m. via Zoom.

This special program will feature CGBP course director and lecturer, lawyer Alphecca Adolfo-Madrid who is a certified public accountant and a lawyer with expertise in anti-money laundering, banking, and taxation laws. She is a certified anti-money laundering specialist (CAMS) highly skilled in audit, compliance, and integrity due diligence.

Adolfo-Madrid is an integrity due diligence consultant at the Asian Development Bank.  Prior to ADB, she was assigned at the anti-money laundering council financial intelligence and analysis group, as well as the Compliance and Supervision Group where she had written various financial intelligence reports for use by foreign financial intelligence units and Philippine and foreign law enforcement and intelligence agencies. She was also a resource speaker in various government institutions. Eight years of her career was with the Bangko Sentral ng Pilipinas as a bank examiner and three years in SGV & Co. (a member of Ernst and Young Global) as a tax auditor.

Registration is open to the general public. A must for all covered institutions regulated by BSP, IC, SEC, other covered persons and entities described under the category of designated non-financial businesses and professions (DNFBPs), lawyers, accountants and consultants.

CGBP is an accredited training provider of the Securities and Exchange Commission; Bangko Sentral ng Pilipinas; Anti-Money Laundering Council; Governance Commission for GOCCs; DILG-Local Government Academy; Civil Service Commission; and other regulatory agencies. Government funds to be used in this training program will not be covered by Philippine Procurement Law or RA 9184 based on its Revised IRR’s Section 4.5-b, which classifies training and seminars as non-procurement activities. DBM circular 563 issued on April 22, 2016 also exempts public officials and government employees from the P2,000-limit per day on training fees.

For details and a complete list of other compliance-related training topics, visit www.cgbp.org. You may also call Manila lines (+63 2) 8556-8968 / 69 or (+63 2) 8842-7148 / 59.