Philippines · AML & KYC
Anti-money-laundering and customer-due-diligence obligations, regulated activities, and the official financial regulator.
AI-drafted, editorially reviewed. Confirm specifics with the official authority.
The Anti-Money Laundering Act and its implementing rules impose customer due diligence, record-keeping and reporting duties on covered persons, with the Anti-Money Laundering Council acting as the financial intelligence unit that receives covered and suspicious transaction reports. Sector supervisors — the central bank for banks, the SEC for securities and the Insurance Commission for insurers — apply the detail. The Philippines completed its FATF action plan and was removed from the grey list in February 2025.
- Covered persons owe customer due diligence, record-keeping and reporting duties.
- The AMLC is the financial intelligence unit receiving covered and suspicious transaction reports.
- The Philippines left the FATF grey list in February 2025 after completing its action plan.
- Anti-Money Laundering Council (AMLC)
Financial intelligence unit and AML guidance.
Government portals
- Bureau of Internal Revenue (BIR) — TIN registration, income tax and VAT filing, and official receipts.
- Bureau of Immigration — Visa extensions, the ACR I-Card, work visas and exit clearance.
- Department of Trade and Industry (DTI) — Sole-proprietorship business-name registration and trade regulation.