AMLC approved the policies and guidelines in reckoning covered institution's compliance with the prescribed reporting period under the Anti-Money Laundering Act of 2001

CIRCULAR LETTER Series of 2005

TO         :        All Banks and Non-Bank Financial Institutions Under BSP Supervision

In its Resolution No. 2, Series 2005 (copy attached) dated 12 January 2005, the Anti-Money Laundering Council (AMLC) approved the policies and guidelines in reckoning covered institution's compliance with the prescribed reporting period under Republic Act No. 9160, as amended, otherwise known as the Anti-Money Laundering Act of 2001.

For your information and guidance.

ALBERTO V. REYES Deputy Governor