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

REGISTER HERE!

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

28 November 2023, Tuesday, 1:00 PM – 3:00 PM
Online via ZOOM

Topic: AML Requirements for Digital Banks

Main Speaker & Panelist:
ATTY. MATTHEW M. DAVID
Executive Director
Anti-Money Laundering Council Secretariat

ATTY. ARNOLD T. KABANLIT
Acting Director
Detection and Prevention Department
Anti-Money Laundering Council Secretariat

Sponsor: AMLakas Corporation

Guest Speaker (Sponsor):
MS. SHAUNA TOMKINS
Director
AMLakas Corporation

The Bankers Institute of the Philippines, Inc.’s (BAIPHIL) continuous effort to set its footprints in the Mindanao area as it envisions to expand its reach in providing excellence for industry professionals all over the country has led the organization to participate in BSP’s collaborative symposium on cybersecurity entitled, “Securing the Digital Horizon: Innovations in Cybersecurity” held at the BSP – Mindanao Regional Office last November 23, 2023.

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