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January 20, 2005HON. FE B. BARINChairpersonSecurities and Exchange CommissionMandaluyong City Dear Madam :Please be informed that the Anti-Money Laundering Council, in its Resolution No. 2, Series of 2005, dated 12 January 2005, approved policies and guidelines in reckoning covered institution's compliance with the prescribed reporting period under Republic Act No. 9160, as amended, otherwise known as the Anti-Money Laundering Act of 2001. In this connection, may we request the Securities and Exchange Commission to circularize the attached AMLC Resolution.Thank you.Very truly yours, (SGD.) VICENTE S. AQUINOExecutive DirectorAMLC RESOLUTION NO. 002-005Pursuant to Section 9-c of the Anti-Money Laundering Act, as amended, covered institutions (CIs) shall report to the AMLC all covered transactions and suspicious transactions within five (5) working days from occurrence thereof, subject to the circumstances described in Resolution No. 292 dated October 24, 2003 which remains in full force and effect.WHEREFORE, the Council, resolves as it hereby resolved, to approve the following policies and guidelines in reckoning CIs' compliance with the prescribed reporting period.1. The following non-working days are excluded from the counting of...