Regulatory Alerts2024-01-15
AMLC Resolution No. TF-76: Targeted Financial Sanctions Against Ma. Augusta Divinagracia Araneta
The Anti-Money Laundering Council issued Resolution No. TF-76 to immediately freeze the assets of Ma. Augusta Divinagracia Araneta, who was designated as a terrorist by the Anti-Terrorism Council. Covered institutions and government agencies are mandated to submit written returns and Suspicious Transaction Reports regarding the designated individual's previous transactions within five days. Any person or entity dealing with the designated individual's property or providing financial services to them faces prosecution under the Terrorism Financing Prevention and Suppression Act.
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