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Money laundering is the process of disguising the origin of illegally obtained money. It is a global problem that affects many countries and can have devastating effects on a nation’s economy. Money laundering is a crime that has been around for centuries, and it has become increasingly complex and sophisticated. It is a major problem in the Philippines; and the government has taken steps to combat it.
That is why, Training and Seminars by Villasis Law Center (VLC) is once again running its Anti-Money Laundering, and Compliance Certification Seminar to inform professionals and individuals about the importance and adherence to Republic Act No. 9160 or the Anti-Money Laundering Act (AMLA) of 2001.
In this online webinar, the participants will have a deep understanding in:
The Basic Concept of Money Laundering,
The Evolution of the Philippine Anti-Money Laundering Act,
The Significant Changes in the Philippine AML law,
The Salient Features of the Philippine AML law,
The Legal Remedies to forfeit proceeds of money laundering, and some tips for preventing money laundering.
The term “money laundering” is derived from the process of filtering dirty money through a series of transactions in order to make it appear clean. Money laundering is a three-stage process that involves placement, concealment, and integration.
Money laundering remains to be a major problem in the Philippines because it enables criminals to evade the law and enrich themselves at the expense of the public. It also has a devastating effect on the economy as it increases the cost of doing business and undermines investor confidence. The Philippine government has taken steps to combat money laundering through the enactment of the Philippine Anti-Money Laundering Act of 2001. The Philippine Anti-Money Laundering Act (AMLA) of 2001 is the country’s anti-money laundering law. It is a comprehensive law that aims to combat money laundering by providing a legal framework for the prevention, detection, and prosecution of money laundering activities. The AMLA establishes the Anti-Money Laundering Council (AMLC) as the country’s main anti-money laundering body and gives it the power to monitor and investigate suspicious transactions.
Villasis Law Center’s upcoming seminar will be led by law professor, Bar reviewer, Member of the Board of Trustees of Good Governance Advocates, Practitioner of the Philippines, Chief AML Officer, and Chief Data Privacy Officer Dean Sergio M. Ceniza and Atty. Carmine Eliza T. Serrano, a Law Reviewer (BECAM), Partner at the Law Office of the Villasis and Partners, and Integrity Consultant at the Asian Development Bank (Office of Anti-Corruption and Integrity).
Training and Seminars by Villasis Law Center (VLC) invites everyone to join this timely and relevant online lecture. Insurance Companies, Insurance Agents, Insurance Brokers, Professional Reinsurers, Holding Company Systems, Real Estate Brokers, Real Estate Agents, and government employees are highly encouraged to join. The online seminar is ideal for participants looking to join the legal field, governments, real estate, and insurance industry, and more or those who want to increase their knowledge about the subject matter for professional or personal growth.
Learning investment for the Anti-Money Laundering and Compliance Certification Seminar is only P1000. Certificates of completion shall likewise be provided, e-certificate for P100 and physical copy with local delivery for P400.
If you are interested to join, you may register via https://villasislawcenter.com/seminar-registration/ or you can visit villasislawcenter.com. You may also email firstname.lastname@example.org for more information about this or any of our future webinars.