Regulatory Alerts2024-05-27
Guidelines on the Electronic Submission of the Money Laundering Terrorist Financing and Proliferation Financing Risk Event Report
The Bangko Sentral ng Pilipinas mandates that all supervised financial institutions electronically submit Money Laundering, Terrorist Financing, and Proliferation Financing Risk Event Reports using a prescribed Data Entry Template. These reports must be filed within twenty-four hours of discovery by the Compliance Officer or designated officer via email or encrypted storage, adhering to strict file naming conventions. The guidelines also specify that submissions must comply with existing reporting standards and require copy-furnishing the Financial System Integrity Department if the event is also reportable under Event-Driven Reporting standards.
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