Anti-Money Laundering Councit ‘Bangke Sentral ng Plpinss Capex ‘ans, Philipines [MEMORANDUM SECRETARIAT INFORMATION MANAGEMENT AND ANALYSIS GROUP FOR VENCENT L. SALIDO Officerin-Charge SUBIECT: REQUEST FOR AMENDMENTS IN THE AMC REPORTING PROCEDURES {VERSION 3.0} are: 12 January 2015 (On 24 January 2033, the Council issued Resolution No. 20-C, Series of 2013 which introduced a single report format (Format 1.0) to be adopted by all Covered Persons (CPs). On 11 April 2014, the Information Management and Analysis Group {IMAG} posted an advisory in the Anti- Money Launderng Council (AMLC) porta ‘eminding CPs that the full implementation of Format 10 will be on or before 31 December 2014 Thereafter, IMAG received several queries from (Ps with reference to the ew reporting format particularly the mandatory parties and fields. Thereafter, IMAG held a meeting thru the Financial Sector Liason Committee - Technical Working Group to discuss issues and concerns pertaining to the AMLC Reporting Procedures, version 3.0, After evaluation and coordination, IMAG came up with the following. revisions inthe current AMLC Reporting Procedures, version 30: A. Mandatory Feds fr inward Remittance Tenssctions ‘Banks with Remittance Partner/Te Up Tan samacton nie ean for roa Tun [Returned inward Ranitanee |The Coumtaariy Wane (OTA) a he (wzrrstena utimate sonder ofthe remittance however TRA [inward Renita Triematonly For | tare are CPi who hove femiance te Farther eet nother Aecourt unparners esas, wherein the utinte THRE [inward Renitane (nerationay Gea | sender is mt ieited. MAG is [tir [inwars Remittance (temavana ave | the remitancetieup/priner be refed os and ay Beneficiary the Cunterpany name o Senger’ Nae (0 ca re NRE TRE‘Mandatory Fields for Inward Remittances (Pase-thru) Tran | Transaction | ox fels | carent | roond | Rewontr = = Amendment Trcaune | Mendy | Osan Runt Fade he bf) same the inward | itt Benen ank temrtnce | fonst {rot an cow ler runon | ome or ofneco tomate | Rereiary eta source om “secon Address (0-6-5) | Mandatory | Optonsl | swift messages may aunty eicamplet ass) | eount Taunt Fade umber) rare he vnwars | Darel | stanton | optoat | Bein’ ank fomitone ip {rot an aceon ler uma | ersten ative FocFarte Grane, [Sean eso om fre ace |: (005) | Mandtory | opto! | suit estes may Counteanty become aes 5) ae en smwarg |Meat | Manton | opuna | Remon ot on twa | adress (0-85) ama sunor | (Oamesscy | irre Naiseandoy | coast Beneficlary ‘Counterparty ‘Details sourced from ameatwes | Mandstay | Optonat | suit mesages may become amen es ar imvarg | Rtountaer | ansory | opr | eta noon rere | Ars (OAS) sat hice sur | inernacionay | Bitheste ‘vie anday [!O8) Senet | Country Dae ETON oir) | Mindtoy | Optoma | st mesges ray beincompete'B. Mandatory Parties for check Depost transactions ‘Tantode | Twansacion | wandatory Panes | Reason oramendment rile | Cament | Proposed Helér (A andthe Senefiiay (8), Payee ef the check. Most Banks do rot enue the Payee writen inthe face of the checks IMAG recommends that the. Beeficry Name te mae opal coer | oepost-chek | a | 8 {C. Mandstory Fels fr Bll Payment Transactions = amendment ‘ezaont Waar Tstomes cong 05) bas poyment are carve | et Payment cin aes ah ‘Account oder | Mandatory | opera holders, hus MAG (OAs) that hee fade be caren | 88s payment ~ | aetdate of made optional mejccroc | acount Halder (ons . Aecount Number Field for ROPA transactions Tian | WanselonTe [ows | caren” [Popes | aemoniar coe al sensnent_| GAG | Greiner of Contac tosetot tare Satan ofthe £1 of Costar or vance | ora Sater teseot st nd OPA YA | Le rome | sca retatneys numbe | sends | opto | #2200, use| tind of eae Fane eine eee 9 teammendng trate ecunt number fd tans | retin of se Payment imate on het &ROPA taase | sae ramen of Ase & ef NoaFormat Neme and Adress Fields For transections wherein the CPs have no control aer the way the name and adress are being encoded (in the case of swift messages, POTS, RTGS), IMAG recommends the flowing: 1 When CPs cannot identi ifthe remiter i an individual or & corporation, CPs may use the ame lag Y forthe Beneficiary and Counterparty Nemes wherein ‘the complete name wil be inputted in one (2 flan, Y_ [Beneficiary Name 2. For Beneficiary and Counterparty Names of Individuals using the Flag N; CPs shal be allowed! to Input the fll name in the Last Name field only no. of characters for the Last Feld Name field to be increased from tity (30) to ninety (0) ‘characters. The Fstand Middle Name field be wile made optional Lastname Fst Name Middle Name 53. Beneicary and Counterparty Addresses can be inptted inthe fst fll only, in case the adress exceeds fity (50) characters, the rest af the address can be inputted in the next fel. Only the fest fled of the addres will be made mandatory Address Fels Address Fe? dares Fels 3 [complete adsress [Optional Oplonar——] In view of the foregoing, may we request approval in the revisions of the ILC Reporting Procedures, version 3.0, For consideration and approval MEK AN Ou [ALEXANDER JOSEPH C. VILLACORTA Bank officer V