Regulatory Alerts2024-07-02
BSP Circular Letter CL-2024-032: Dissemination of AMLC Resolution No. TF-90 on Targeted Financial Sanctions
The Bangko Sentral ng Pilipinas disseminates Anti-Money Laundering Council Resolution No. TF-90, which implements an immediate Sanctions Freeze Order against Mely Vidor Dela Cruz Fajurano designated as a terrorist by the Anti-Terrorism Council. All BSP-supervised financial institutions are mandated to immediately freeze the assets and funds of the designated individual and submit a written return and Suspicious Transaction Report within five days. Any person or entity dealing with or making available funds to the designated terrorist faces prosecution under the Terrorism Financing Prevention and Suppression Act.
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