2 About Philippines STR

As a part of regulations and compliances, a Financial Services Organization must perform appropriate analysis and report any suspicious activities that can lead to fraud, terrorist financing, and money laundering to the regulatory authorities.

The Anti-Money Laundering Council (AMLC) is the agency of the Government of the Philippines that is tasked to implement the provisions of Republic Act known as the “Anti-Money Laundering Act, also known as the “Terrorism Financing Prevention and Suppression Act (TFPSA).