Professional Documents
Culture Documents
*The term “covered persons” shall exclude lawyers and accountants acting as independent legal
professionals with regard to client information or disclosure , provided they are authorized to practice in
the Philippines and shall continue to be subject to the provisions of their codes of conduct and/ or
professional responsibility.
Unlawful Activities
1. Kidnapping for ransom
2. Violations of Comprehensive Dangerous Drugs Act of 2002
3. Violations of RA. 3019 (Anti-Graft and Corrupt Practices Act)
4. Plunder
5. Jueteng and masiao
6. Piracy
7. Qualified theft
8. Swindling
9. Smuggling
10. Violations of E-Commerce Act of 2000
11. Hijacking, destructive arson and murder
12. Terrorism
Jurisdiction
1. For ALL cases of money laundering: RTC
2. For those committed by public officers and private persons in conspiracy with them: SB
3. For freezing of monetary instrument or property: CA
Composition of AMLC
1. BSP Governor as Chairman
2. Commissioner or Insurance Commission
3. SEC Chairman
What is the time frame within which the court should act on the petition to freeze?
Within 24 hours from the filing of the petition