2019 Guidelines for the Protection of SEC Registered Non-Profit Organizations from Money Laundering and Terrorist Financing Abuse ("2019 NPO Guidelines")

December 27, 2019SEC MEMORANDUM CIRCULAR NO. 25-19TO :All SEC Registered Non-Stock Corporations   SUBJECT : 2019 Guidelines for the Protection of SEC Registered Non-Profit Organizations from Money Laundering and Terrorist Financing Abuse ("2019 NPO Guidelines") By the authority vested in the Securities and Exchange Commission (SEC) under Republic Act No. 11232 otherwise known as the Revised Corporation Code of the Philippines (RCC) and pursuant to its mandate to assist in the implementation of the Anti-Money Laundering Act (AMLA), as amended, and the Terrorist Financing Prevention and Suppression Act (TFPSA) and their respective Implementing Rules and Regulations, the Commission En Banc in its meeting on 10 December 2019 approved the herein amendment of SEC Memorandum Circular No. 15, Series of 2018 entitled Guidelines for the Protection of SEC Registered Non-Profit Organizations from Money Laundering and Terrorist Financing Abuse ("2018 NPO Guidelines") CHAPTER ITitle, Scope, Purpose and Definition of TermsSECTION 1.1. Title. — These Guidelines shall be known as the "2019 Guidelines for the Protection of SEC registered Non-Profit Organizations from Money Laundering and Terrorist Financing Abuse" or...