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Anti-Money Laundering Act of 2001 (Republic Act No. 9160)

Republic Act No. 9160, the Philippine Anti-Money Laundering Act of 2001, declares the State policy against money laundering (Section 2), defines covered…

What Anti-Money Laundering Act of 2001 (Republic Act No. 9160) requires

Republic Act No. 9160, the Philippine Anti-Money Laundering Act of 2001, declares the State policy against money laundering (Section 2), defines covered institutions and transactions (Section 3), criminalizes money laundering (Section 4), creates the Anti-Money Laundering Council or AMLC (Section 7), and imposes customer identification, record-keeping and reporting duties on covered institutions (Section 9). Covered institutions must establish client identity, retain records for five years, and report covered transactions to the AMLC.

Pillar: Financial Crime, AML & Sanctions · Authority: Congress of the Philippines (Republic Act No. 9160); Anti-Money Laundering Council (AMLC) · Version: 1.0.0 · Last updated:

Primary source: https://lawphil.net/statutes/repacts/ra2001/ra_9160_2001.html

SHA-256 integrity: b0149ef97cf8a2cdbce34028bb5cae609061dc9c0cfd2be4becd6659fc72328b

Primary Citations — 7 traced to source

  • Anti-Money Laundering Act of 2001 (Republic Act No. 9160), Section 2 - Declaration of Policy (Philippines shall not be used as a money laundering site)
  • Anti-Money Laundering Act of 2001 (Republic Act No. 9160), Section 3 - Definitions of covered institutions and covered transaction

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