Professional Documents
Culture Documents
Financial Investigations
Financial Investigations
Presented by
for the
WHAT UNLAWFUL
ACTIVITIES ARE
DEFINED IN THE AMLA?
Investigative Triggers
Covered Transactions Sec. 3 (b)
Suspicious Transactions Sec. 3 (b-1)
Referrals by Supervising Authorities
Referrals by Law-Enforcement Agencies
Referrals by foreign jurisdictions, agencies or
FIUs
Newspaper or media reports of unlawful/ML
activities
Citizens sworn complaints relating to
unlawful/ML activities
Investigative Triggers
Sworn complaints from alleged victims of
ML/TF Investigation
Power of AMLC is to investigate
ML cases.
Investigation of Unlawful
Activities/ Underlying Predicate
Crimes are done by the Law
Enforcement Agencies.
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5.
6.
7.
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Suspicious Indicators in
Terrorism Financing
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Terrorism Financing
Suspicious indicators (cont)
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Terrorism Financing
Suspicious indicators (cont):
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Terrorism Financing
Suspicious indicators (cont):
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Terrorism Financing
Suspicious indicators (cont):
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Investigation of Money
Laundering
ML investigation Section 7(10) of the AMLA provides
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Back-to-back loans
Facilitation by lawyers, brokers,
accountants
Use of alternative remittance systems
Credit-debit memos in banks
Use of money changing shops
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Freeze Orders
Ex parte and confidential
No filing fee at Court of Appeals
Effective nationwide
Easy to enforce
Difficult to lift
Applicable to banks, Register of Deeds,
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Civil Forfeiture
Initially ex parte, confidential and in special
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AMLC INVESTIGATIVE
PROCESS
Identification of Unlawful Activity
Identify and track financial transactions
Perform financial analysis of target
* DTI,SEC,BIR,LRA,LTO etc.
Freezing and Forfeiture of Assets and
Filing of money laundering case
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Deposit slips
Withdrawal slips
Credit / debit memos
Cancelled checks
Investment records
Income tax records
Travel records
Legal Contracts
Executive Course on ML/TF
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ATM receipts
Certificates of stock
Trust accounts
Minutes of meetings
CPA reports
Debt sheets
Cash/Currency clips
Travelers checks
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Interview..
Ask informants who, where, how money
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HOW TO REQUEST
ASSISTANCE/REFER
CASE TO AMLC?
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AML Desks
email to vaquino@bsp.gov.ph
Call 7087071/fax 7087909
Referral Letter (please state case
circumstances/details)
Prevent fishing expedition
Drop by 5th Flr, EDPC Bldg., BSP
Complex, Roxas Blvd., Malate, Manila
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ACTUAL CASE
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Thank You!
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