Submission of Suspicious Transaction Reports

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SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUTY GOVERNOR

CiRCULAR LETTER NO. CL-2007 020

TO PiLIPINAs, iNCLudINg tHEir SuBSidiAriEs And ALL INSTITUTIONS (NBFIS) UNDER THE SUPERVISION AFFiliates And REGULAtION OF THE BANgKO SENTRAL NG BankS AND NON-BANK FINANCIAL

Subiect : Submission of Suspicious Transaction Reports

the Anti-Money Laundering Act of 2001 (AMLA), as amended, in relation to Rule 9.3.b.2 of the Revised implementing Rules and BSP, including their subsidiaries and affiliates are hereby reminded that the suspicious transaction reports (STRs) to the Anti-Money Laundering Council (AMLA) are required to be submitted in electronic form with the corresponding hard copy pursuant to the provisions of Sec.9( c ) of Regulations (RIRR) and AMLC Resolution No. 42. series of 2005. Banks and NBFIs under the supervision and regulation of the

institution concerned to the administrative sanctions pursuant to Sec. 7 paragraph 11 of the AMLA, as amended, in relation to Rule 14.1.d of its RIRR. Failure to compiy with said requirements may subject the

For compliance.

NESTORA. Deputy Governor ESPeniLA JR

April 2007

P ananaLaPIng Matatag, Bansang Panatag A. Mabini St., Malate 1004, Manila, Philippines Trunkline (632) 524-70-11 URL:www.bsp.goy.ph e-mail: [email protected]