RBAP conducts money laundering seminar Jan 14

MANILA, Philippines - The Rural Bankers Association of the Philippines (RBAP) is conducting a seminar on the new AMLC (anti-money laundering council) reporting procedures of government on Jan.14, 2015 at the Gov. Licaros Hall, RBAP Bldg, Intramuros, starting 8:30 a.m. The resource persons from the AMLC Secretariat are lawyer Arnold Kabanlit, Alexander Villacorta and Ronaldo Velasco. Participants are encourage to bring a laptop. To be discussed among others are: Anti-Money Laundering Act of 2001 (AMLA) and its revised implementing rules and regulations (IRR); introduction of hardware and software requirements III; Registration IV; Transaction security process/Protocol V; Exercise on the transaction security process/Protocol VI; Covered transaction/suspicious transaction report (CTR/STR); Exercise on CTR/STR preparation (CSV File Preparation); Format checking; Actual checking of covered transaction report (CSV File); Encryption of CSV File XI; Transferring/uploading of encrypted CSV Files XII.