October 29, 2018
ECONOMIC RESEARCH AND TRAINING DEPARTMENT
| SUBJECT | : | Draft Anti-Money Laundering Module for the SEC Certification Examination |
NOTICE
The Commission invites the stakeholders and interested parties to provide comments on the attached draft Anti-Money Laundering Module for the SEC Certification Examination. This will serve as study material for prospective capital market professionals who will take Phase I of the SEC Certification Examination.
Comments on the said draft may be submitted through email to Ms. Rosemarie O. Aguilar ([email protected]) of the Economic Research and Training Department until 16 November 2018.
Issued on October 29, 2018.
ATTACHMENT
DRAFT
Certification Examination Phase I
Anti-Money Laundering Module
The objective of this module is to assist covered persons/institutions in understanding the Anti-Money Laundering Act ("AMLA") (Republic Act (RA) No. 9160), as amended, and its 2016 Revised Implementing Rules and Regulations ("2016 RIRR"); Financial Action Task Force (FATF) Recommendations; duties and responsibilities of the covered persons/institutions; and, regulatory issuances of both the Anti-Money Laundering Council (AMLC) and the Securities and Exchange Commission (SEC).
1. An Introduction to Money Laundering
a) Definition of Money Laundering
Money laundering is defined as "the...
