MANILA, Philippines — With the clamor of many insurance companies to be fully compliant and to provide a mandatory training for all its officers and employees on the Anti-Money Laundering Act (AMLA), the Center for Global Best Practices will host a special program titled, ”AMLA for Insurance Companies and Financial Institutions” on Jan. 31, at the Marriott Hotel, Pasay City. This program coincides with the Anti-Money Laundering Council’s Revised IRR AMLA which took effect on Nov. 22, 2018 and is applicable to all holding companies, banks, financing companies, pawnshops, jewelry dealers, casinos, persons including lawyers, accountants and other professionals handling money.
This pioneering program aims to provide attendees comprehensive information and updates on the AMLA IRR that will protect you and your organization from unwittingly accepting fraudulent business transactions. Attending participants will also learn the latest trends on money laundering and terrorism financing, how to establish an effective risk assessment and management system and how to fully implement AMLA in their companies. This training will also teach good governance and best practices that will be useful to mitigate business exposures to reputational, legal and regulatory risks. Non-compliance to this regulation can lead to jail time, penalty of up to P1 million per violation and asset forfeiture.
Gain valuable insights from a certified compliance officer, Atty. Danny Espejo Bunyi, who obtained his certification from the American Academy of Financial Management. He is also a senior partner at Divina Law. His expertise includes corporate, banking and finance, insurance, trust and special projects with emphasis on regulatory compliance (AMLC, SEC, IC, etc), corporate finance, mergers and acquisitions, corporate housekeeping, financing documentation, cross-border transactions, and trust operations and investments. His previous positions include as senior vice president at the Development Bank of the Philippines, first vice president and chief compliance officer at Robinsons Bank, and first vice president and head of the Legal Services Group of Robinsons Savings Bank.
Public officials and government employees attending this training program will earn points for career advancement and are exempted from the P2,000 limit set by COA based on Department of Budget and Management Circular 563 issued on April 22, 2016. Interested participants are encouraged to avail of the early payment savings and group discount for three or more registrants. Pre-registration is required.
Check www.cgbp.org, for details and a complete list of best practices programs or call landlines in Manila (+63 2) 842-7148/ 59 and (+63 2) 556-8968/ 69, in Baguio (+63 74) 423-2914, in Cebu (+63 32) 512-3106 or 07, or Legazpi City (+63 52) 736-0148.