August 17, 2004

AMLC RESOLUTION NO. 408-04

The Council resolves, as it hereby resolved:

1. To implement the File Transfer and Reporting Facility (FTRF version 1.5) that addresses the secure transfer of electronic reports from covered institutions to AMLC's system. Specifically, the FTRF version 1.5 network security consists of the following: ETDHSa

• Firewall to protect database from being accessed from outside

• Authentication of users logging on to ensure that file transfer is done by authorized persons only

• Secured upload via Secure Sockets Layer (SSL)

• Digital certificate to encrypt and sign the file

2. To work with a pilot of five (5) banks for the initial implementation of FTRF version 1.5

3. To migrate the FTRF version 1.5 for all covered institutions at the earliest opportunity. Schedules are to be worked out with the various associations and covered institutions after pilot testing.

August 17, 2004, Manila, Philippines.

(SGD.) AMANDO M. TETANGCO, JR.
Acting Chairman
(Officer-In-Charge, Bangko Sentral ng Pilipinas)

(SGD.) LILIA R. BAUTISTA
Member
(Chairman, Securities and Exchange Commission)

(SGD.) BENJAMIN S. SANTOS
Member
(Commissioner, Insurance Commission)