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REPUBLIC ACT NO. 9160
AN ACT DEFINING THE CRIME OF MONEY LAUNDERING, PROVIDING
PENALTIES THEREFOR AND FOR OTHER PURPOSES.
Secti! 1. S"#t Tit$e. % T"i& Act &"'$$ (e )!*! '& t"e +A!tiM!e-
L'!/e#i! Act 2001.+
Sec. 2. Dec$'#'ti! P$ic-. % It i& "e#e(- /ec$'#e/ t"e 3$ic- t"e St'te
t 3#tect '!/ 3#e&e#4e t"e i!te#it- '!/ c!5/e!ti'$it- ('!) 'cc!t&
'!/ t e!e t"'t t"e P"i$i33i!e& &"'$$ !t (e &e/ '& ' !e-
$'!/e#i! &ite # t"e 3#cee/& '!- !$'*$ 'cti4it-. C!&i&te!t *it"
it& #ei! 3$ic-, t"e St'te &"'$$ e7te!/ c3e#'ti! i! t#'!&!'ti!'$
i!4e&ti'ti!& '!/ 3#&ecti!& 3e#&!& i!4$4e/ i! !e- $'!/e#i!
'cti4itie& *"e#e4e# citte/.
Section 3(a) of Republic Act No. 9160, as amended, is hereb amended to read as follo!s"
#(a) $%o&ered persons', natural or uridical, refer to"
#(1) bans, non*bans, +uasi*bans, trust entities, forein e-chane dealers, pa!nshops,
mone chaners, remittance and transfer companies and other similar entities and all other
persons and their subsidiaries and affiliates super&ised or reulated b the ano Sentral
n /ilipinas (S/)
(a) A subsidiar means an entit more than fift percent (02) of the
outstandin &otin stoc of !hich is o!ned b a ban, +uasi*ban, trust
entit or an other institution super&ised or reulated b the S/.
(b) An affiliate means an entit at least t!ent percent (02) but not
e-ceedin fift percent (02) of the &otin 4stoc of !hich is o!ned b a
ban, +uasi*ban, trust entit, or an other institution super&ised
and5or reulated b the S/.
#() insurance companies, pre*need companies and all other persons super&ised or reulated
b the nsurance %ommission (%)
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(a) An insurance compan includes those entities authori7ed to transact
insurance business in the /hilippines, !hether life or non* life and !hether
domestic, domesticall incorporated or branch of a forein entit. A contract
of insurance is an areement !hereb one undertaes for a consideration to
indemnif another aainst loss, damae or liabilit arisin from an unno!n
or continent e&ent. 8ransactin insurance business includes main or
proposin to mae, as insurer, an insurance contract, or as suret, an
contract of suretship as a &ocation and not as merel incidental to an other
leitimate business or acti&it of the suret, doin an ind of business
specificall reconi7ed as constitutin the doin of an insurance business
!ithin the meanin of /residential ecree (/..) No. 61, as amended,
includin a reinsurance business and doin or proposin to do an business in
substance e+ui&alent to an of the foreoin in a manner desined to e&ade
the pro&isions of /.. No. 61, as amended.
(b) An insurance aent includes an person !ho solicits or obtains
insurance on behalf of an insurance compan or transmits for a person
other than himself an application for a polic or contract of insurance to or
from such compan or offers or assumes to act in the neotiation of such
insurance.
(c) An insurance broer includes an person !ho acts or aids in an
manner in solicitin, neotiatin or procurin the main of an insurance
contract or in placin ris or tain out insurance, on behalf of an insured
other than himself.
(d) A professional reinsurer includes an person, partnership, association or
corporation that transacts solel and e-clusi&el reinsurance business in the
/hilippines, !hether domestic, domesticall incorporated or a branch of
a forein entit. A contract of reinsurance is one b !hich an insurer procures
a third person to insure him aainst loss or liabilit b reason of such oriinal
insurance.
(e) A reinsurance broer includes an person !ho, not bein a dul
authori7ed aent, emploee or officer of an insurer in !hich an reinsurance is
effected, acts or aids in an manner in neotiatin contracts of reinsurance or
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placin riss of effectin reinsurance, for an insurance compan authori7ed
to do business in the /hilippines.
(f) A holdin compan includes an person !ho directl or indirectl controls an
authori7ed insurer. A holdin compan sstem includes a holdin compan toether !ith
its controlled insurers and controlled persons.
#(3) (i) securities dealers, broers, salesmen, in&estment houses and other similar persons
manain securities or renderin ser&ices as in&estment aent, ad&isor, or consultant, (ii)
mutual funds, close*end in&estment companies, common trust funds, and other similar
persons, and (iii) other entities administerin or other!ise dealin in currenc, commodities
or financial deri&ati&es based thereon, &aluable obects, cash substitutes and other similar
monetar instruments or propert super&ised or reulated b the Securities and :-chane
%ommission (S:%)
(a) A securities broer includes a person enaed in the business of buin
and sellin securities for the account of others.
(b) A securities dealer includes an person !ho bus and sells securities for
his5her account in the ordinar course of business.
(c) A securities salesman includes a natural person, emploed as such*or as an
aent, b a dealer, issuer or broer to bu and sell securities.
(d) An associated person of a broer or dealer includes an emploee thereof
!ho directl e-ercises control or super&isor authorit, but does not include a
salesman, or an aent or a person !hose functions are solel clerical or
ministerial.
(e) An in&estment house includes an enterprise !hich enaes or purports to
enae, !hether reularl or on an isolated basis, in the under!ritin of
securities of another person or enterprise, includin securities of the
;o&ernment and its instrumentalities.
(f) A mutual fund or an open*end in&estment compan includes an in&estment
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compan !hich is offerin for sale or has outstandin, an redeemable
securit of !hich it is the issuer.
() A closed*end in&estment compan includes an in&estment compan other
than open*end in&estment compan.
(h) A common trust fund includes a fund maintained b an entit
authori7ed to perform trust functions under a !ritten and formall established
plan, e-clusi&el for the collecti&e in&estment and
rein&estment of certain mone representin participation in the plan recei&ed
b it in its capacit as trustee, for the purpose of
administration, holdin or manaement of such funds and5or properties for
the use, benefit or ad&antae of the trustor or of others no!n as beneficiaries.
(i) A pre*need compan or issuer includes an corporation super&ised and5or
reulated b the S:% and is authori7ed or licensed to sell or offer for sale
pre*need plans. /re*need plans are contracts !hich pro&ide for the
performance of future ser&ice(s) or pament of future monetar consideration
at the time of actual need, paable either in cash or installment b the plan
holder at prices stated in the contract !ith or !ithout interest or insurance
co&erae and includes life, pension, education, internment and other plans,
!hich the %ommission ma, from time to time, appro&e.
() A forein e-chane corporation includes an enterprise !hich enaes or
purports to enae, !hether reularl or on isolated basis, in the sale and
purchase of forein currenc notes and such other forein* currenc
denominated non*ban deposit transactions as ma be authori7ed under its
articles of incorporation.
() n&estment Ad&isor5Aent5%onsultant shall refer to an person"
(1) !ho for an ad&isor fee is enaed in the business of ad&isin others,
either directl or throuh circulars, reports, publications or !ritins, as to
the &alue of an securit and as to the ad&isabilit of tradin in an
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securit or
() !ho for compensation and as part of a reular business, issues or
promulates, anal7es reports concernin the capital maret, e-cept"
(a) an ban or trust compan
(b) an ournalist, reporter, columnist, editor, la!er, accountant,
teacher
(c) the publisher of an bonafide ne!spaper, ne!s, business or financial
publication of eneral and reular circulation, includin their
emploees
(d) an contract maret
(e) such other person not !ithin the intent of this definition, pro&ided that
the furnishin of such ser&ice b the foreoin persons is solel
incidental to the conduct of their business or profession.
(3) an person !ho undertaes the manaement of portfolio securities of
in&estment companies, includin the arranement of purchases, sales or
e-chanes of securities.
(l) A monechaner includes an person in the business of buin or sellin
forein currenc notes.
(m) A mone pament, remittance and transfer compan includes an
person offerin to pa, remit or transfer or transmit mone on behalf of an
person to another person.
(n) #%ustomer< refers to an person or entit that eeps an account, or
other!ise transacts business, !ith a co&ered institution and an person or
entit on !hose behalf an account is maintained or a transaction is
conducted, as !ell as the beneficiar of said transactions. A customer alsoincludes the beneficiar of a trust, an in&estment fund, a pension fund or a
compan or person !hose assets are manaed b an asset manaer, or a
rantor of a trust. t includes an insurance polic holder, !hether actual
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or prospecti&e.
(o) ne million pesos (/1,000,000.00)
#() e!elr dealers in precious stones, !ho, as a business, trade in precious stones, for
transactions in e-cess of >ne million pesos (/1,000,000.00)
#(6) compan ser&ice pro&iders !hich, as a business, pro&ide an of the follo!in ser&ices
to third parties" (i) actin as a formation aent of uridical persons (ii) actin as (or
arranin for another person to act as) a director or corporate secretar of a compan, a
partner of a partnership, or a similar position in relation to other uridical persons (iii)
pro&idin a reistered office, business address or accommodation, correspondence or
administrati&e address for a compan, a partnership or an other leal person or
arranement and (i&) actin as (or arranin for another person to act as) a nominee
shareholder for another person and
#(?) persons !ho pro&ide an of the follo!in ser&ices"
(i) manain of client mone, securities or other assets
(ii) manaement of ban, sa&ins or securities accounts
(iii) orani7ation of contributions for the creation, operation or manaement of companies
and
(i&) creation, operation or manaement of uridical persons or arranements, and buin and
sellin business entities.
#Not!ithstandin the foreoin, the term $co&ered persons' shall e-clude la!ers andaccountants actin as independent leal professionals in relation to information concernin
their clients or !here disclosure of information !ould compromise client confidences or the
attorne*client relationship" /ro&ided, 8hat these la!ers and accountants are authori7ed to
practice in the /hilippines and shall continue to be subect to the pro&isions of their
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respecti&e codes of conduct and5or professional responsibilit or an of its amendments.@
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/e3&it ce#ti5c'te&, t#&t ce#ti5c'te&, c&t/i'$ #ecei3t& # /e3&it
&(&titte i!&t#e!t&, t#'/i! #/e#&, t#'!&'cti! tic)et& '!/
c!5#'ti!& &'$e # i!4e&te!t& '!/ !e- '#)et i!&t#e!t&; '!/
8= t"e# &ii$'# i!&t#e!t& *"e#e tit$e t"e#et 3'&&e& t '!t"e# (-
e!/#&ee!t, '&&i!e!t # /e$i4e#-.
(=) %ontracts or policies of insurance, life or non*life, and contracts of suretship and
8/ +O>e!/e#+ #ee#& t '!- 3e#&! *" cit& ' !e- $'!/e#i!
>e!&e.
8e +Pe#&!+ #ee#& t '!- !'t#'$ # ?#i/ic'$ 3e#&!.
8 +P#cee/&+ #ee#& t '! '!t /e#i4e/ # #e'$i@e/ # '! !$'*$
'cti4it-.
t includes"
(1) All material results, profits, effects and an amount reali7ed from an
unla!ful acti&it
() All monetar, financial or economic means, de&ices, documents, papers or thins
used in or ha&in an relation to an unla!ful acti&it and
(3) All mones, e-penditures, paments, disbursements, costs, outlas,
chares, accounts, refunds and other similar items for the financin, operations,
and maintenance of an unla!ful acti&it.
8 +S3e#4i&i! At"#it-+ #ee#& t t"e '33#3#i'te &3e#4i- #
#e$'t#- 'e!c-, /e3'#te!t # ce &3e#4i&i! # #e$'ti! t"e
c4e#e/ i!&titti!& e!e#'te/ i! Secti!
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8" +T#'!&'cti!+ #ee#& t '!- 'ct e&t'($i&"i! '!- #i"t # ($i'ti! #
i4i! #i&e t '!- c!t#'ct'$ # $e'$ #e$'ti!&"i3 (et*ee! t"e 3'#tie&
t"e#et. It '$& i!c$/e& '!- 4ee!t !/& (- '!- e'!& *it" '
c4e#e/ i!&titti!.
Section 3(i) of the same Act is hereb amended to read as follo!s"
#(i) $Fnla!ful acti&it' refers to an act or omission or series or combination thereof
in&ol&in or ha&in direct relation to the follo!in"
#(1) Gidnappin for ransom under Article 6? of Act No. 3H1, other!ise no!n as the
Re&ised /enal %ode, as amended
(1=) Gidnappin for ransom
#() Sections =, , 6, H, 9, 10, 11, 1, 13, 1=, 1 and 16 of Republic Act No. 916, other!ise
no!n as the %omprehensi&e anerous rus Act of 00
(1=) mportation of prohibited drus
( 1 ) Sale of prohibited drus
(16) Administration of prohibited drus
(1?) eli&er of prohibited drus
(1H) istribution of prohibited drus
(19) 8ransportation of prohibited drus
(0) Daintenance of a en, i&e or Resort for prohibited users
(1) Danufacture of prohibited drus
() /ossession of prohibited drus
(3) Fse of prohibited drus
(=) %ulti&ation of plants !hich are sources of prohibited drus
() %ulture of plants !hich are sources of prohibited drus
#(3) Section 3 pararaphs , %, :, ;, I and of Republic Act No. 3019, as amended,
other!ise no!n as the Anti*;raft and %orrupt /ractices Act
(1=) irectl or indirectl re+uestin or recei&in an ift, present,
share, percentae or benefit for himself or for an other person in
connection !ith an contract or transaction bet!een the ;o&ernment
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and an part, !herein the public officer in his official capacit has to
inter&ene under the la!
(1) irectl or indirectl re+uestin or recei&in an ift, present or
other pecuniar or material benefit, for himself or for another, from
an person for !hom the public officer, in an manner or capacit, has
secured or obtained, or !ill secure or obtain, an o&ernment permit or
license, in consideration for the help i&en or to be i&en, !ithout
preudice to Section 13 of R.A. 3019
(16) %ausin an undue inur to an part, includin the
o&ernment, or i&in an pri&ate part an un!arranted benefits,
ad&antae or preference in the dischare of his official, administrati&e
or udicial functions throuh manifest partialit, e&ident bad faith or
ross ine-cusable nelience
(1?) :nterin, on behalf of the o&ernment, into an contract or
transaction manifestl and rossl disad&antaeous to the same,
!hether or not the public officer profited or !ill profit thereb
(1H) irectl or indirectl ha&in financial or pecuniar interest in an
business contract or transaction in connection !ith !hich he
inter&enes or taes part in his official capacit, or in !hich he is
prohibited b the %onstitution or b an la! from ha&in an interest
(19) irectl or indirectl becomin interested, for personal ain, or
ha&in material interest in an transaction or act re+uirin the appro&al
of a board, panel or roup of !hich he is a member, and !hich
e-ercise of discretion in such appro&al, e&en if he &otes aainst the
same or he does not participate in the action of the board, committee,
panel or roup.
#(=) /lunder under Republic Act No. ?0H0, as amended
(0) /lunder throuh misappropriation, con&ersion, misuse ormal&ersation of public funds or raids upon the public treasur
(1) /lunder b recei&in, directl or indirectl, an commission, ift,
share, percentae, icbacs or an other form of pecuniar benefit
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from an person and5or entit in connection !ith an o&ernment
contract or proect or b reason of the office or position of the public
officer concerned
() /lunder b the illeal or fraudulent con&eance or disposition of
assets belonin to the National ;o&ernment or an of its
subdi&isions, aencies, instrumentalities or o&ernment*o!ned or
controlled corporations or their subsidiaries
(3) /lunder b obtainin, recei&in or acceptin, directl or
indirectl, an shares of stoc, e+uit or an other form of interest
or participation includin the promise of future
emploment in an business enterprise or undertain
(=) /lunder b establishin aricultural, industrial or commercial
monopolies or other combinations and5or implementation of decrees
and orders intended to benefit particular persons or special interests
() /lunder b tain undue ad&antae of official position, authorit,
relationship, connection or influence to unustl enrich himself or
themsel&es at the e-pense and to the damae and preudice of the
ilipino people and the Republic of the /hilippines
#() Robber and e-tortion under Articles 9=, 9, 96, 99, 300, 301 and 30 of the
Re&ised /enal %ode, as amended
(6) Robber !ith &iolence or intimidation of persons
(?) Robber !ith phsical inuries, committed in an uninhabited
place and b a band, or !ith use of firearms on a street, road or alle
(H) Robber in an uninhabited house or public buildin or edifice
de&oted to !orship.
#(6) Jueten and Dasiao punished as illeal amblin under /residential ecree No. 160
#(?) /irac on the hih seas under the Re&ised /enal %ode, as amended and /residential
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ecree No. 3
(31) /irac on the hih seas
(3) /irac in inland /hilippine !aters
(33) Aidin and abettin pirates and briands.
#(H) Kualified theft under Article 310 of the Re&ised /enal %ode, as amended
#(9) S!indlin under Article 31 and >ther orms of S!indlin under Article 316 of the
Re&ised /enal %ode, as amended
(3) :stafa !ith unfaithfulness or abuse of confidence b alterin the
substance, +ualit or +uantit of anthin of &alue !hich the offender
shall deli&er b &irtue of an obliation to do so, e&en thouh such
obliation be based on an immoral or illeal consideration
(36) :stafa !ith unfaithfulness or abuse of confidence b
misappropriatin or con&ertin, to the preudice of another, mone,
oods or an other personal propert recei&ed b the offender in trust
or on commission, or for administration, or under an other
obliation in&ol&in the dut to mae deli&er or to return the same,
e&en thouh such obliation be totall or partiall uaranteed b a
bond or b denin ha&in recei&ed such mone, oods, or other
propert
(3?) :stafa !ith unfaithfulness or abuse of confidence b tain
undue ad&antae of the sinature of the offended part in blan, and b
!ritin an document abo&e such sinature in blan, to the preudice
of the offended part or an third person
(3H) :stafa b usin a fictitious name, or falsel pretendin to
possess po!er, influence, +ualifications, propert, credit,
aenc, business or imainar transactions, or b means of other
similar deceits
(39) :stafa b alterin the +ualit, fineness or !eiht of anthin
pertainin to his art or business
(=0) :stafa b pretendin to ha&e bribed an o&ernment emploee
(=1) :stafa b postdatin a chec, or issuin a chec in pament of an
obliation !hen the offender has no funds in the ban, or his funds
deposited therein !ere not sufficient to co&er the amount of the chec
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(=) :stafa b inducin another, b means of deceit, to sin an
document
(=3) :stafa b resortin to some fraudulent practice to ensure
success in a amblin ame
(==) :stafa b remo&in, concealin or destroin, in !hole or in part,
an court record, office files, document or an other papers.
#(10) Smulin under Republic Act Nos. = and 193?
(=) raudulent importation of an &ehicle (=6)
raudulent e-portation of an &ehicle (=?)
Assistin in an fraudulent importation
(=H) Assistin in an fraudulent e-portation
(=9) Recei&in smuled article after fraudulent importation
(0) %oncealin smuled article after fraudulent importation (1)
uin smuled article after fraudulent importation
() Sellin smuled article after fraudulent importation
(3) 8ransportation of smuled article after fraudulent importation (=)
raudulent practices aainst customs re&enue.
#(11) Liolations of Republic Act No. H?9, other!ise no!n as the :lectronic %ommerce
Act of 000
G.1. Iacin or cracin, !hich refers to"
() unauthori7ed access into or interference in a computer
sstem5ser&er or information and communication sstem or
(6) an access in order to corrupt, alter, steal, or destro usin a
computer or other similar information and communication de&ices,
!ithout the no!lede and consent of the o!ner of the computer or
information and communications sstem, includin
(?) the introduction of computer &iruses and the lie, resultin in thecorruption, destruction, alteration, theft or loss of electronic data
messaes or electronic document
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G.. /irac, !hich refers to"
(H) the unauthori7ed copin, reproduction,
(9) the unauthori7ed dissemination, distribution, (60)
the unauthori7ed importation,
(61) the unauthori7ed use, remo&al, alteration, substitution,
modification,
(6) the unauthori7ed storae, uploadin, do!nloadin,
communication, main a&ailable to the public, or
(63) the unauthori7ed broadcastin,
of protected material, electronic sinature or coprihted !ors includin
leall protected sound recordins or phonorams or information material on
protected !ors, throuh the use of telecommunication net!ors, such but not
limited to, the internet, in a manner that infrines intellectual propert rihts
G.3. Liolations of the %onsumer Act or Republic Act No. ?39= and other
rele&ant or pertinent la!s throuh transactions co&ered b or usin electronic
data messaes or electronic documents"
(6=) Sale of an consumer product that is not in conformit !ith
standards under the %onsumer Act
(6) Sale of an product that has been banned b a rule under the
%onsumer Act ,
(66) Sale of an adulterated or mislabeled product usin electronic
documents
(6?) Adulteration or misbrandin of an consumer product
(6H) orin, counterfeitin or simulatin an mar, stamp, ta, label or
other identification de&ice (69) Re&ealin trade secrets
(?0) Alteration or remo&al of the labelin of an dru or de&ice heldfor sale
(?1) Sale of an dru or de&ice not reistered in accordance !ith the
pro&isions of the :*%ommerce Act
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(?) Sale of an dru or de&ice b an person not licensed in
accordance !ith the pro&isions of the :*%ommerce Act (?3)
Sale of an dru or de&ice beond its e-piration date
(?=) ntroduction into commerce of an mislabeled or banned
ha7ardous substance
(?) Alteration or remo&al of the labelin of a ha7ardous substance (?6)
ecepti&e sales acts and practices
(??) Fnfair or unconscionable sales acts and practices
(?H) raudulent practices relati&e to !eihts and measures
(?9) alse representations in ad&ertisements as the e-istence of a
!arrant or uarantee
(H0) Liolation of price ta re+uirements
(H1) Dislabelin consumer products
(H) alse, decepti&e or misleadin ad&ertisements
(H3) Liolation of re+uired disclosures on consumer loans
(H=) >ther &iolations of the pro&isions of the :*%ommerce Act
#(1) Iiacin and other &iolations under Republic Act No. 63 destructi&e arson and
murder, as defined under the Re&ised /enal %ode, as amended
(H) Iiacin
(H6) estructi&e arson
(H?) Durder
(HH) Iiacin, destructi&e arson or murder perpetrated b terrorists
aainst non*combatant persons and similar tarets
#(13) 8errorism and conspirac to commit terrorism as defined and penali7ed under Sections
3 and = of Republic Act No. 93?
#(1=) inancin of terrorism under Section = and offenses punishable under Sections , 6, ?
and H of Republic Act No. 1016H, other!ise no!n as the 8errorism inancin /re&ention
and Suppression Act of 01"
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#(1) riber under Articles 10, 11 and 11*A of the Re&ised /enal %ode, as amended,
and %orruption of /ublic >fficers under Article 1 of the Re&ised /enal %ode, as amended
#(16) rauds and lleal :-actions and 8ransactions under Articles 13, 1=, 1 and 16 of
the Re&ised /enal %ode, as amended
#(1?) Dal&ersation of /ublic unds and /ropert under Articles 1? and of the Re&ised
/enal %ode, as amended
#(1H) oreries and %ounterfeitin under Articles 163, 166, 16?, 16H, 169 and 1?6 of the
Re&ised /enal %ode, as amended
#(19) Liolations of Sections = to 6 of Republic Act No. 90H, other!ise no!n as the Anti*
8rafficin in /ersons Act of 003
#(0) Liolations of Sections ?H to ?9 of %hapter L, of /residential ecree No. ?0,
other!ise no!n as the Re&ised orestr %ode of the /hilippines, as amended
#(1) Liolations of Sections H6 to 106 of %hapter L, of Republic Act No. H0, other!ise
no!n as the /hilippine isheries %ode of 199H
#() Liolations of Sections 101 to 10?, and 110 of Republic Act No. ?9=, other!ise
no!n as the /hilippine Dinin Act of 199
#(3) Liolations of Section ?(c), (e), (f), () and (i), of Republic Act No. 91=?, other!ise
no!n as the Bildlife Resources %onser&ation and /rotection Act
#(=) Liolation of Section ?(b) of Republic Act No. 90?, other!ise no!n as the National
%a&es and %a&e Resources Danaement /rotection Act
#() Liolation of Republic Act No. 639, other!ise no!n as the Anti*%arnappin Act of00, as amended
#(6) Liolations of Sections 1, 3 and of /residential ecree No. 1H66, as amended,
other!ise no!n as the decree %odifin the Ea!s on lleal5Fnla!ful /ossession,
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Danufacture, ealin n, Ac+uisition or isposition of irearms, Ammunition or
:-plosi&es
#(?) Liolation of /residential ecree No. 161, other!ise no!n as the Anti*encin Ea!
#(H) Liolation of Section 6 of Republic Act No. H0=, other!ise no!n as the Dirant
Borers and >&erseas ilipinos Act of 199, as amended b Republic Act No. 100
#(9) Liolation of Republic Act No. H93, other!ise no!n as the ntellectual /ropert
%ode of the /hilippines
#(30) Liolation of Section = of Republic Act No. 999, other!ise no!n as the Anti*/hoto
and Lideo Loeurism Act of 009
#(31) Liolation of Section = of Republic Act No. 9??, other!ise no!n as the Anti*%hild
/ornoraph Act of 009
#(3) Liolations of Sections , ?, H, 9, 10(c), (d) and (e), 11, 1 and 1= of Republic Act No.
?610, other!ise no!n as the Special /rotection of %hildren Aainst Abuse, :-ploitation
and iscrimination
#(33) raudulent practices and other &iolations under Republic Act No. H?99, other!ise
no!n as the Securities Reulation %ode of 000 and
(H9) Sale, offer or distribution of securities !ithin the /hilippines
!ithout a reistration statement dul filed !ith and appro&ed b the
S:%
(90) Sale or offer to the public of an pre*need plan not in
accordance !ith the rules and reulations !hich the S:% shall
prescribe
(91) Liolation of reportorial re+uirements imposed upon issuers of
securities(9) Danipulation of securit prices b creatin a false or misleadin
appearance of acti&e tradin in an listed securit traded in an
:-chane or an other tradin maret
(93) Danipulation of securit prices b effectin, alone or !ith others, a
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series of transactions in securities that raises their prices to induce
the purchase of a securit, !hether of the same or different class, of
the same issuer or of a controllin, controlled or commonl controlled
compan b others
(9=) Danipulation of securit prices b effectin, alone or !ith others,
series of transactions in securities that depresses their price to induce
the sale of a securit, !hether of the same or different class, of the
same issuer or of a controllin, controlled or commonl controlled
compan b others
(9) Danipulation of securit prices b effectin, alone or !ith others, a
series of transactions in securities that creates acti&e tradin to induce
such a purchase or sale thouh manipulati&e de&ices such as marin
the close, paintin the tape, s+uee7in the float, hpe and dump,
boiler room operations and such other similar de&ices
(96) Danipulation of securit prices b circulatin or disseminatin4
information that the price of an securit listed in an :-chane !ill or
is liel to rise or fall because of manipulati&e maret operations of
anone or more persons conducted for the purpose of raisin or
depressin the price of the securit for the purpose of inducin the
purchase or sale of such securit
(9?) Danipulation of securit prices b main false or misleadin
statements !ith respect to an material fact !hich he ne! or had
reasonable round to belie&e !as so false and misleadin, for the
purpose of inducin the purchase or sale of an securit listed or
traded in an :-chane
(9H) Danipulation of securit prices b effectin, alone or !ith others, an
series of transactions for the purchase and5or sale of an securit
traded in an :-chane for the purpose of pein, fi-in or stabili7inthe price of such securit, unless other!ise allo!ed b the Securities
Reulation %ode or b the rules of the S:%
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(99) Sale or purchase of an securit usin an manipulati&e
decepti&e de&ice or contri&ance
(100) :-ecution of short sales or stop*loss order in connection !ith the
purchase or sale of an securit not in accordance !ith such rules and
reulations as the S:% ma prescribe as necessar and appropriate in
the public interest or the protection of the in&estors
(101) :mploment of an de&ice, scheme or artifice to defraud in
connection !ith the purchase and sale of an securities
(10) >btainin mone or propert in connection !ith the purchase and
sale of an securit b means of an untrue statement of a material
fact or an omission to state a material fact necessar in order to
mae the statements made, in the liht of the
circumstances under !hich the !ere made, not misleadin (103)
:nain in an act, transaction, practice or course of action in
the sale and purchase of an securit !hich operates or !ould operate
as a fraud or deceit upon an person
(10=) nsider tradin
(10) :nain in the business of buin and sellin securities in the
/hilippines as a broer or dealer, or actin as a salesman, or an
associated person of an broer or dealer !ithout an
reistration from the %ommission
(106) :mploment b a broer or dealer of an salesman or
associated person or b an issuer of an salesman, not
reistered !ith the S:% ,
(10?) :ffectin an transaction in an securit, or reportin such transaction,
in an :-chane or usin the facilit of an :-chane !hich is not
reistered !ith the S:%
(10H) Dain use of the facilit of a clearin aenc !hich is not
reistered !ith the S:%
(109) Liolations of marin re+uirements
(110) Liolations on the restrictions on borro!ins b members, broers
and dealers
(111) Aidin and Abettin in an &iolations of the Securities Reulation
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%ode
(11) Iinderin, obstructin or delain the filin of an document
re+uired under the Securities Reulation %ode or the rules and
reulations of the S:%
(113) Liolations of an of the pro&isions of the implementin rules and
reulations of the S:%
(11=) An other &iolations of an of the pro&isions of the Securities
Reulation %ode.
#(3=) elonies or offenses of a similar nature that are punishable under the penal la!s of
other countries.@
n determinin !hether or not a felon or offense punishable under the penal
la!s of other countries, is
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#(a) transacts said monetar instrument or propert
#(b) con&erts, transfers, disposes of, mo&es, ac+uires, possesses or uses said monetar
instrument or propert
#(c) conceals or disuises the true nature, source, location, disposition, mo&ement or
o!nership of or rihts !ith respect to said monetar instrument or propert
#(d) attempts or conspires to commit mone launderin offenses referred to in pararaphs
(a), (b) or (c)
#(e) aids, abets, assists in or counsels the commission of the mone launderin offenses
referred to in pararaphs (a), (b) or (c) abo&e and
#(f) performs or fails to perform an act as a result of !hich he facilitates the offense of
mone launderin referred to in pararaphs (a), (b) or (c) abo&e.
#Done launderin is also committed b an co&ered person !ho, no!in that a co&ered
or suspicious transaction is re+uired under this Act to be reported to the Anti*Done
Eaunderin %ouncil (ADE%), fails to do so.@
Sec. . #i&/icti! M!e- L'!/e#i! C'&e&. % T"e #ei!'$ t#i'$ c#t&
&"'$$ "'4e ?#i&/icti! t t#- '$$ c'&e& ! !e- $'!/e#i!. T"&e
citte/ (- 3($ic ce#& '!/ 3#i4'te 3e#&!& *" '#e i! c!&3i#'c-
*it" &c" 3($ic ce#& &"'$$ (e !/e# t"e ?#i&/icti! t"e
S'!/i'!('-'!.
Rule 5.2. Investigation of Money Laundering Offenses. * 8he ADE% shall
in&estiate"
(a) SUSPICIOUS TRANSACTIONS;
(b) COVERED TRANSACTIONS DEEMED SUSPICIOUS AFTER AN
INVESTIGATION CONDUCTED BY THE AMLC;
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(c) MONEY LAUNDERING ACTIVITIES;
AND (d) OTHER VIOLATIONS OF THIS ACT.
Rule 5..Attempts at Transactions. Section = (a) and (b) of the ADEA pro&ides that an
person !ho attempts to transact an monetar instrument or propert representin,
in&ol&in or relatin to the proceeds of an unla!ful acti&it shall be prosecuted for a
mone launderin offense. Accordinl, the reports re+uired under Rule 9.3 (a) and (b) of
these Rules shall include those pertainin to an attempt b an person to transact an
monetar instrument or propert representin, in&ol&in or relatin to the proceeds of an
unla!ful acti&it.
Section 6(a) of the same Act is hereb amended to read as follo!s"
#S:%. 6. /rosecution of Done Eaunderin. M
#(a) An person ma be chared !ith and con&icted of both the offense of mone
launderin and the unla!ful acti&it as herein defined.
#(b) 8he prosecution of an offense or &iolation under this Act shall proceed independentl
of an proceedin relatin to the unla!ful acti&it.@
8( A!- 3#cee/i! #e$'ti! t t"e !$'*$ 'cti4it- &"'$$ (e i4e!
3#ece/e!ce 4e# t"e 3#&ecti! '!- >e!&e # 4i$'ti! !/e# t"i&
Act *it"t 3#e?/ice t t"e #ee@i! '!/ t"e# #ee/ie& 3#4i/e/.
#S:%. ?. %reation of Anti*Done Eaunderin %ouncil (ADE%). M 8he Anti*Done
Eaunderin %ouncil is hereb created and shall be composed of the ;o&ernor of the ano
Sentral n /ilipinas as %hairman, the %ommissioner of the nsurance %ommission and the
%hairman of the Securities and :-chane %ommission, as members. 8he ADE% shall act
unanimousl in the dischare of its functions as defined hereunder"
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institutions to determine the true identit of the o!ner of an monetar instrument or
prepert subect of a co&ered transaction or suspicious transaction report or re+uest for
assistance from a forein State, or belie&ed b the %ouncil, on the basis fo substantial
e&idence, to be, in !hole or in part, !here&er located, representin, in&ol&in, or related to
directl or indirectl, in an manner or b an means, the proceeds of an unla!ful acti&itit.
ffice of th Solicitor ;eneral
mbudsman for
the prosecution of mone launderin offenses
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'!!-& 'cc!t&, 'cc!t& !/e# 5ctiti& !'e&, '!/ '$$ t"e#
&ii$'# 'cc!t& &"'$$ (e '(&$te$- 3#"i(ite/. Pe& '!/ #ei! c##e!c-
!!c"ec)i! !(e#e/ 'cc!t& &"'$$ (e '$$*e/. T"e BSP '- c!/ct
'!!'$ te&ti! &$e$- $iite/ t t"e /ete#i!'ti! t"e e7i&te!ce '!/
t#e i/e!tit- t"e *!e#& &c" 'cc!t&.
8( Rec#/ ee3i!. A$$ #ec#/& '$$ t#'!&'cti!& c4e#e/ i!&titti!&
&"'$$ (e 'i!t'i!e/ '!/ &'e$- &t#e/ # 54e 8 -e'#& # t"e /'te&
t#'!&'cti!&. it" #e&3ect t c$&e/ 'cc!t&, t"e #ec#/& ! c&te#
i/e!ti5c'ti!, 'cc!t 5$e& '!/ (&i!e&& c##e&3!/e!ce, &"'$$ (e
3#e&e#4e/ '!/ &'e$- &t#e/ # 't $e'&t 54e 8 -e'#& # t"e /'te&
*"e! t"e- *e#e c$&e/.
#(c) Reportin of %o&ered and Suspicious 8ransactions. M %o&ered persons shall report to
the ADE% all co&ered transactions and suspicious transactions !ithin fi&e () !orin das
from occurrence thereof, unless the ADE% prescribes a different period not e-ceedin
fifteen (1) !orin das.
#Ea!ers and accountants actin as independent leal professionals are not re+uired to
report co&ered and suspicious transactions if the rele&ant information !as obtained in
circumstances !here the are subect to professional secrec or leal professional pri&ilee.
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concerned officer and emploee of the co&ered institution shall be criminall liable.
Io!e&er, no administrati&e, criminal or ci&il proceedins, shall lie aainst an person for
ha&in made a co&ered or suspicious transaction report in the reular performance of his
duties in ood faith, !hether or not such reportin results in an criminal prosecution under
this Act of an other la!.
#Bhen reportin co&ered or suspicious transactions to the ADE%, co&ered persons and their
officers and emploees are prohibited from communicatin, directl or indirectl, in an
manner or b an means, to an person or entit, the media, the fact that a co&ered or
suspicious transaction has been reported or is about to be reported, the contents of the
report, or an other information in relation thereto. Neither ma such reportin be published
or aired in an manner or form b the mass media@, electronic mail, or other similar de&ices.
n case of &iolation thereof, the concerned officer and emploee of the co&ered person and
media shall be held criminall liable.@
#S:%. 10. ree7in of Donetar nstrument or /ropert. M Fpon a &erified e- parte petition
b the ADE% and after determination that probable cause e-ists that an monetar
instrument or propert is in an !a related to an unla!ful acti&it as defined in Section 3(i)
hereof, the %ourt of Appeals ma issue a free7e order !hich shall be effecti&e immediatel,
and !hich shall not e-ceed si- (6) months dependin upon the circumstances of the case"
/ro&ided, 8hat if there is no case filed aainst a person !hose account has been fro7en
!ithin the period determined b the court, the free7e order shall be deemed ipso facto lifted"
/ro&ided, further, 8hat this ne! rule shall not appl to pendin cases in the courts. n an
case, the court should act on the petition to free7e !ithin t!ent*four (=) hours from filin
of the petition. f the application is filed a da before a non!orin da, the computation of
the t!ent*four (=)*hour period shall e-clude the non!orin das.
#A person !hose account has been fro7en ma file a motion to lift the free7e order and the
court must resol&e this motion before the e-piration of the free7e order.
#No court shall issue a temporar restrainin order or a !rit of inunction aainst an free7e
order, e-cept the Supreme %ourt.@
Section 11 of the same Act is hereb amended to read as follo!s"
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in&estment !ith an banin institution or non*ban financial institution upon order of an
competent court in cases of &iolation of this Act, !hen it has been established that there is
probable cause that the deposits or in&estments are related to an unla!ful acti&ities as
defined in Section 3() hereof or a mone launderin offense under Section = hereof, e-cept
that no court order shall be re+uired in cases in&ol&in unla!ful acti&ities defined in
Sections 3()1, () and (1).
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to him and for sereation or e-clusion of the monetar instrument or propert
correspondin thereto. 8he &erified petition shall be filed !ith the court !hich rendered the
udment of forfeiture, !ithin fifteen (1) das from the date of the finalit of the order of
forfeiture, in default of !hich the said order shall become final and e-ecutor. 8his pro&ision
shall appl in both ci&il and criminal forfeiture.
#(c) /ament in Eieu of orfeiture. M Bhere the court has issued an order of forfeiture of the
monetar instrument or propert subect of a mone launderin offense defined under
Section =, and said order cannot be enforced because an particular monetar instrument or
propert cannot, !ith due dilience, be located, or it has been substantiall altered,
destroed, diminished in &alue or other!ise rendered !orthless b an act or omission,
directl or indirectl, attributable to the offender, or it has been concealed, remo&ed,
con&erted, or other!ise transferred to pre&ent the same from bein found or to a&oid
forfeiture thereof, or it is located outside the /hilippines or has been placed or brouht
outside the urisdiction of the court, or it has been comminled !ith other monetar
instruments or propert belonin to either the offender himself or a third person or entit,
thereb renderin the same difficult to identif or be sereated for purposes of forfeiture,
the court ma, instead of enforcin the order of forfeiture of the monetar instrument or
propert or part thereof or interest therein, accordinl order the con&icted offender to pa
an amount e+ual to the &alue of said monetar instrument or propert. 8his pro&ision shall
appl in both ci&il and criminal forfeiture.@
Sec. 1
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*it"i! t"e 3#ce/#e& $'i/ /*! i! t"i& Act; '!/ 8e!&e # '!- t"e# 'tte# /i#ect$- #
i!/i#ect$- #e$'te/ t"e#et; 8
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>e!&e&.
8e Rei#ee!t& # Ree&t& # Mt'$ A&&i&t'!ce # F#ei! St'te&.
A #ee&t # t'$ '&&i&t'!ce # ' #ei! St'te &t 81 c!5#
t"'t '! i!4e&ti'ti! # 3#&ecti! i& (ei! c!/cte/ i! #e&3ect '
!e- $'!/e#e# !'e/ t"e#ei! # t"'t "e "'& (ee! c!4icte/ '!-
!e- $'!/e#i! >e!&e; 82 &t'te t"e #!/& ! *"ic" '!- 3e#&! i&
(ei! i!4e&ti'te/ # 3#&ecte/ # !e- $'!/e#i! # t"e /et'i$&
"i& c!4icti!; 8
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't"e!tic'te/ (- t"e &e'$ "i& ce.
8 E7t#'/iti!. T"e P"i$i33i!e& &"'$$ !eti'te # t"e i!c$&i!
!e- $'!/e#i! >e!&e& '& "e#ei! /e5!e/ '! e7t#'/it'($e
>e!&e& i! '$$ t#e t#e'tie&.
Section 1= of the same Act, as amended, is hereb further amended to read as follo!s"
#S:%. 1=. /enal /ro&isions. M (a) /enalties for the %rime of Done Eaunderin. 8he penalt
of imprisonment ranin from se&en (?) to fourteen (1=) ears and a fine of not less than
8hree million /hilippine pesos (/hp3,000,000.00) but not more than t!ice the &alue of the
monetar instrument or propert in&ol&ed in the offense, shall be imposed upon a person
con&icted under Section =(a), (b), (c) and (d) of this Act.
#8he penalt of imprisonment from four (=) to se&en (?) ears and a fine of not less than
>ne million fi&e hundred thousand /hilippine pesos (/hp1,00,000.00) but not more than
8hree million /hilippine pesos (/hp3,000,000.00), shall be imposed upon a person
con&icted under Section =(e) and (f) of this Act.
#8he penalt of imprisonment from si- (6) months to four (=) ears or a fine of not less than
>ne hundred thousand /hilippine pesos (/hp100,000.00) but not more than i&e hundred
thousand /hilippine pesos (/hp00,000.00), or both, shall be imposed on a person con&icted
under the last pararaph of Section = of this Act.
8( Pe!'$tie& # F'i$#e t ee3 Rec#/&. T"e 3e!'$t- i3#i&!e!t
# &i7 86 !t"& t !e 81 -e'# # ' 5!e !t $e&& t"'! O!e "!/#e/
t"&'!/ P"i$i33i!e 3e&& 8P"P100,000.00 (t !t #e t"'! Fi4e
"!/#e/ t"&'!/ P"i$i33i!e 3e&& 8P"P00,000.00, # (t", &"'$$ (e
i3&e/ ! ' 3e#&! c!4icte/ !/e# Secti! 98( t"i& Act.
ne hundred thousand /hilippine pesos
(/hp100,000.00) but not more than i&e hundred thousand /hilippine pesos
(/hp00,000.00), at the discretion of the court" /ro&ided, 8hat the offender is not entitled to
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a&ail the benefits of the /robation Ea!.
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to be appropriate, !hich shall not be more than i&e hundred thousand /hilippine pesos
(/00,000.00) per &iolation.
#8he ADE% ma promulate rules on fines and penalties tain into consideration the
attendant circumstances, such as the nature and ra&it of the &iolation or irreularit.
#() 8he pro&ision of this la! shall not be construed or implemented in a manner that !ill
discriminate aainst certain customer tpes, such as politicall*e-posed persons, as !ell as
their relati&es, or aainst a certain reliion, race or ethnic oriin, or such other attributes or
profiles !hen used as the onl basis to den these persons access to the ser&ices pro&ided b
the co&ered persons. Bhene&er a ban, or +uasi*ban, financial institution or !hene&er an
person or entit commits said discriminator act, the person or persons responsible for such
&iolation shall be subect to sanctions as ma be deemed appropriate b their respecti&e
reulators.@
Section 1 of Republic Act No. 9160 is hereb deleted.
Sec. 16. P#"i(iti!& A'i!&t P$itic'$ H'#'&&e!t. % T"i& Act &"'$$ !t (e
&e/ # 3$itic'$ 3e#&ecti! # "'#'&&e!t # '& '! i!&t#e!t t
"'3e# c3etiti! i! t#'/e '!/ ce#ce.
N c'&e # !e- $'!/e#i! '- (e 5$e/ ''i!&t '!/ ! '&&et& &"'$$
(e #@e!, 'tt'c"e/ # #eite/ t t"e 3#e?/ice ' c'!/i/'te # '!
e$ect#'$ ce /#i! '! e$ecti! 3e#i/.
Sec. 1. Re&titti!. % Re&titti! # '!- '#ie4e/ 3'#t- &"'$$ (e
4e#!e/ (- t"e 3#4i&i!& t"e Ne* Ci4i$ C/e.
Sec. 1. I3$ee!ti! R$e& '!/ Re$'ti!&. % it"i! t"i#t- 8ecti4e$- t"e3#4i&i!& t"i& Act. S'i/ #$e& '!/ #e$'ti!& &"'$$ (e &(itte/ t t"e
C!#e&&i!'$ O4e#&i"t Cittee # '33#4'$.
C4e#e/ i!&titti!& &"'$$ #$'te t"ei# #e&3ecti4e !e- $'!/e#i!
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3#e4e!ti! 3##'& i! 'cc#/'!ce *it" t"i& Act i!c$/i!, (t !t
$iite/ t, i!#'ti! /i&&ei!'ti! ! !e- $'!/e#i! 'cti4itie& '!/
it& 3#e4e!ti!, /etecti! '!/ #e3#ti!, '!/ t"e t#'i!i! #e&3!&i($e
ce#& '!/ 3e#&!!e$ c4e#e/ i!&titti!&.
Sec. 19. C!#e&&i!'$ O4e#&i"t Cittee. % T"e#e i& "e#e(- c#e'te/ '
C!#e&&i!'$ O4e#&i"t Cittee c3&e/ &e4e! 8 e(e#&
# t"e Se!'te '!/ &e4e! 8 e(e#& # t"e H&e
Re3#e&e!t'ti4e&. T"e e(e#& # t"e Se!'te &"'$$ (e '33i!te/ (-
t"e Se!'te P#e&i/e!t ('&e/ ! t"e 3#3#ti!'$ #e3#e&e!t'ti! t"e
3'#tie& # c'$iti!& t"e#ei! *it" 't $e'&t t* 82 Se!'t#& #e3#e&e!ti!
t"e i!#it-. T"e e(e#& # t"e H&e Re3#e&e!t'ti4e& &"'$$ (e
'33i!te/ (- t"e S3e')e# '$& ('&e/ ! 3#3#ti!'$ #e3#e&e!t'ti!
t"e 3'#tie& # c'$iti!& t"e#ei! *it" 't $e'&t t* 82 e(e#&
#e3#e&e!ti! t"e i!#it-.
T"e O4e#&i"t Cittee &"'$$ "'4e t"e 3*e# t 3#$'te it& *!
#$e&, t 4e#&ee t"e i3$ee!t'ti! t"i& Act, '!/ t #e4ie* # #e4i&e
t"e i3$ee!ti! #$e& i&&e/ (- t"e A!tiM!e- L'!/e#i! C!ci$
*it"i! t"i#t- 8
7/26/2019 AMLA With Amendments and IRR.
35/35
Sec. 21. Se3'#'(i$it- C$'&e. % I '!- 3#4i&i! # &ecti! t"i& Act # t"e
'33$ic'ti! t"e#e t '!- 3e#&! # ci#c&t'!ce i& "e$/ t (e i!4'$i/,
t"e t"e# 3#4i&i!& # &ecti!& t"i& Act, '!/ t"e '33$ic'ti! &c"
3#4i&i! # &ecti! t t"e# 3e#&!& # ci#c&t'!ce&, &"'$$ !t (e
'>ecte/ t"e#e(-.
Sec. 22. Re3e'$i! C$'&e. % A$$ $'*&, /ec#ee&, e7ecti4e #/e#&, #$e& '!/
#e$'ti!& # 3'#t& t"e#e, i!c$/i! t"e #e$e4'!t 3#4i&i!& Re3($ic
Act N. 1=0, '& 'e!/e/; Re3($ic Act N. 6=26, '& 'e!/e/; Re3($ic
Act N. 91, '& 'e!/e/ '!/ t"e# &ii$'# $'*&, '& '#e i!c!&i&te!t
*it" t"i& Act, '#e "e#e(- #e3e'$e/, 'e!/e/ # /i5e/ 'cc#/i!$-.
Sec. 2ecti4it-. % T"i& Act &"'$$ t')e e>ect 5tee! 81 /'-& 'te# it&
c3$ete 3($ic'ti! i! t"e Oci'$ G'@ette # i! 't $e'&t t* 82 !'ti!'$
!e*&3'3e#& e!e#'$ ci#c$'ti!.
T"e 3#4i&i!& t"i& Act &"'$$ !t '33$- t /e3&it& '!/ i!4e&te!t&
'/e 3#i# t it& e>ecti4it-.