Sanny Money Changer

Makati Supermarket, Alabang Town Center, Ayala Alabang

For : _________________

Subject : Designation as Compliance Officer/ Internal Auditor;

Duties & Responsibilities

Date : 19 March 2019

The undersigned Proprietor/Owner has designated you as Compliance Officer/

Internal Auditor effective immediately. As such, you are expected to perform the
following duties and responsibilities:

1. To ensure compliance by all responsible officers and employees with the AMLA,
as amended, the RIRR and the existing Money Laundering and Terrorist
Prevention Program (MLPP);

2. To conduct, at least on annual basis, compliance checking /testing/audit or as

anytime as deemed necessary (in case of possible suspicious activity/ies) which
should cover, among others, evaluation of existing processes, policies and
procedures including on-going monitoring of performance by staff and officers
involved in money laundering and terrorist financing prevention, reporting
channels, effectiveness of the money laundering transaction monitoring system
and record retention system through sample testing and review of audit or
examination reports;

3. Report compliance/audit findings directly to the Owner;

4. To ensure that infractions, discovered either by internally initiated audits or by

special or regular examination conducted by the BSP, are immediately corrected;

5. To inform all responsible officers and employees of all resolutions, circulars and
other issuances by the BSP and the AMLC in relation to matters aimed at
preventing money laundering and terrorist financing;

6. To alert the Proprietor/Owner especially if it believes that the institution is failing

to sensibly address anti-money laundering and terrorist financing issues;

7. To organize the timing and content of AML training of officers and employees
including regular refresher trainings;

8. Serve as liaison between Sanny Money Changer, the BSP and the AMLC in matters
relating to AML compliance; and
9. Regularly update (at least once every two years) to incorporate changes in AML
policies and procedures / AML Manual / MLPP, latest trends in money laundering
and terrorist financing typologies, and latest pertinent BSP issuances.

Please acknowledge this Memorandum by affixing your signature over your printed
name.

SEVERINO H. GAÑA, Jr.

Proprietor/Owner

CONFORME:

___________________________
Compliance Officer/Internal Auditor