It’s official! We are now accepting registrations for the 33rd BAIPHIL Convention.
Click the link to check to register and view the event objective and details:
https://bit.ly/49otfFe
Certification in Independent Validation | Audit of ICAAP (CIVA-ICAAP) Program
The BAIPHIL CIVA-ICAAP (Certification in Independent Validation | Audit of Internal Capital Adequacy Assessment Process) Program provides the individual ICAAP validator | auditor with the regulatory basis for assessing and validating management’s forward-looking assumptions and financial projections that have been translated from the bank’s articulated strategic goals, business objectives, and capital plan.
Now accepting registrations for the program. The Registration Process will be closed on Monday, 24 June 2024. Interested parties may register by scanning the QR code or by clicking on https://bit.ly/CIVA-ICAAP-2024. The signup procedure is short and straightforward. Once we receive your registration, the BAIPHIL CPD team will contact you.
Observance of the 22nd Depositor Protection and Awareness Week (DPAW)
Basic Course on Anti-Money and Counter-Terrorism and Proliferation financing (AML/CTPF)
Are you New to the Fight Against ML/TF/PF?
Learn about the basic concepts of ML/TF/PF, legal and regulatory AML/CTPF landscape and updated AML/CTPF rules and regulations of the Philippines and BSP ML/TF/PF Risk Rating System and Enforcement Actions.
Course Outline:
| Day/Speaker | Module Title/Topic | Time | Duration | SME |
| 21 May 2024(Day 1) | BAIPHIL Prayer/Introduction | 8:30 AM to 8:45 AM | 15 mins | BAIPHIL |
| Speaker 1 | Module IA – Chronicles of the Philippine Legal Framework on AML/CTPF | 8:45 AM to 9:30 AM | 45 mins | c/o Atty. Elmore O. Capule, Senior Assistant Governor and General Counsel, Bangko Sentral ng Pilipinas |
| Speaker 2 | Module IB – – Salient features of the Philippine legal and regulatory framework (to clarify if covered by SAGGC EOC) – Basic concepts of ML/TF/PF definition and schemes – Philippine AML/CTPF Structure and Supervising Authorities – Supervision Function of the BSP – BSP AML Regulations (Updates as of 2023) – Memorandum to BSP Supervised FIs (Updates as of 2023) | 9:30 AM to 10:45 AM | 1 hour 15 mins | Atty. Leigh Vhon G. Santos, ManagerBSP |
| Break | 10:45 AM to 10:55 AM | 10 mins | ||
| Module IIA – Elements of a sound ML/TF/PF Risk Management Framework | 10:55 AM to 11:50 AM | 55 mins | Atty. Leigh Vhon G. Santos, ManagerBSP | |
| Q&A | 11:50 AM to 12:00 NN | 10 mins | Q&A | |
| 22 May 2024(Day 2)- Speaker 3 | BAIPHIL Prayer/Introduction | 9:00 AM to 9:15 AM | 15 mins | BAIPHIL |
| Module IIB – CDD on Onboarding (with Risk Profiling Activity) and Ongoing Monitoring (With Updates on Common AML/CTPF Observations on UKBs) | 9:15 AM to 10:30 AM | 1 hour 15 mins | Mr. Richard A. Bonsol,Bank Officer IVBSP | |
| Break | 10:30 AM to 10:40 AM | 10 mins | ||
| Module IIB – CDD on Onboarding and Ongoing Monitoring (With Updates on Common AML/CTPF Observations on UKBs) – Continuation | 10:40 AM to 11:50 AM | 1 hour 10 mins | Mr. Richard A. Bonsol, Bank Officer IVBSP | |
| Q&A | 11:50 AM to 12:00 NN | 10 mins | Q&A | |
| 23 May 2024(Day 3)- Speaker 4 | BAIPHIL Prayer/Introduction | 9:00 AM to 9:15 AM | 15 mins | Prayer/Introduction |
| Module IIC – TFS, Freeze Order, Bank Inquiry/Transaction reporting/Record keeping/ Training | 9:15 AM to 10:25 AM | 1 hour 10 mins | Atty. Ma. Corazon B. Bilgera-Cordero,Manager, BSP | |
| Break | 10:25 AM to 10:35 AM | 10 mins | ||
| Module III – MRAS and Enforcement Actions | 10:35 AM to 11:50 AM | 1 hour 15 mins | Atty. Ma. Corazon B. Bilgera-Cordero,Manager, BSP | |
| Q&A | 11:50 AM to 12:00 NN | 10 mins | Q&A |
This webinar is designed from the BSP’s perspective and role as regulator of Banks, to be facilitated by BSP’s AML Specialist Group (Financial Security Integrity Department). Participants will learn how to comply with BSPs regulations enforcing the AMLA, avoid exceptions and adverse findings, and get a higher AML rating. To further reinforce the learnings to be gained by the participants, a built-in workshop in the form of group discussion through breakout sessions is likewise incorporated in the program.
Resource Speaker:
Atty. Elmore O. Capule, Senior Assistant Governor and General Counsel, Bangko Sentral ng Pilipinas
Atty. Leigh Vhon G. Santos, Manager, Bangko Sentral ng Pilipinas
Mr. Richard A. Bonsol, Bank Officer IV, Bangko Sentral ng Pilipinas
Atty. Ma. Corazon B. Bilgera-Cordero, Manager, Bangko Sentral ng Pilipinas
Schedule:
May 21 – 23, 2024
May 21, 2024 (Tuesday) – 8:30 AM – 12:00 NN
May 22, 2024 (Wednesday) – 9:00 AM – 12:00 NN
May 23, 2024 (Thursday) – 9:00 AM – 12:00 NN
Training Fee per Participant:
Member Institution – P 4,480.00
Non-Member Institution – P 5,600.00
**VAT inclusive
Unsafe or Unsound Banking in Relation to Bank Failure Back-to-Back with Impact of the AFASA (Anti-Financial Accounts Scamming Act) Bill in the Banking Industry
Dear Colleagues in the Banking and Financial Services Community in Metro Manila, South Luzon, Visayas and Mindanao,
As part of the upcoming BAIPHIL Week, the Legal and Regulatory Committee (“LRC”) of the Bankers Institute of the Philippines (“BAIPHIL”) is planning to hold its fourth (4th) LRC Forum on March 7, 2024 (Thursday, 1:00 PM – 2:30 PM), online via Zoom, on the topic “Unsafe or Unsound Banking in Relation to Bank Failure”. The onsite venue will be in the BSP-North Luzon Regional Office, No. 14, Loakan Road, Loakan-Apugan, Baguio City.
On the other hand, the Governance, Legal and Compliance Course Committee (GLC) of BAIPHIL is offering for the first time a talk on a pending bill which will soon become a law — “Impact of the Anti-Financial Accounts Scamming Act (AFASA) Bill in the Banking Industry” on the same afternoon of March 7, 2024, after the aforementioned LRC forum.
It is of great importance to deeply understand the intricacies, legal issues, and consequences of conducting business in an unsafe or unsound manner. Unsafe or unsound banking may have a significant effect on the safety, stability, liquidity or solvency of banks, its depositors, creditors, investors, stockholders, BSP and the public in general. Consequently, in a number of cases, the commission of unsafe or unsound banking usually leads to failure or closure of banks.
On the other hand, the AFASA bill prohibits and punishes financial crimes such as acting as money mule, performing social engineering schemes and committing economic sabotage. The proposed bill includes a limited authority of BSP to examine and investigate financial accounts, e-wallets and other financial accounts that are involved in the prohibited acts, and shall be exempt from the existing bank secrecy laws as well as data privacy laws in order that the law enforcers like BSP, PNP and NBI can gather sufficient information for the investigation. Additional enhancements taken from international best practices in protecting consumer rights are also included in the AFASA bill.
We have invited our very own GLC Chairperson, BAIPHIL and LRC Member, Senior Assistant Governor and General Counsel Elmore O. Capule and Deputy Director Joseph Salud of the Bangko Sentral ng Pilipinas (BSP), BAIPHIL, LRC and GLC member, as Resource Speakers in these back-to-back offerings of LRC and GLC of BAIPHIL.
In order to have a productive discussion with our Resource Speakers in this LRC forum and GLC talk, you may want to share your concerns or challenges that you and your respective Institutions are facing with the following:
a. implementation of avoiding the prohibited Unsafe or Unsound Banking Practices which may cause the failure or closure of banks; and
b. the dilemma of encountering legal and operational issues when the AFASA bill becomes a law.
Your questions will have priority in said LRC forum and GLC talk.
Please email and indicate your particular issues or questions at secretariat@baiphil.org on or before February 29, 2024 (Thursday).
Registration Link: https://us02web.zoom.us/webinar/register/WN_wZddn744QR2K5WZ-NooLIg