Seminars Held

The Anti-Money Laundering Law of 2001: Its Whats, Whys and Wherefores.

Conducted at the SGV Conference Room of the ACCEED Conference Center, Asian Institute of Management, Makati City, Philippines on 16 October 2001.

Agenda - Program

A.M.

1. Registration (8:30-8:59 A.M.)
   
2. National Anthem and Invocation (9:00-9:10 A.M.)
   
3. Introduction and Backgrounder (9:11-10:00 A.M.)
   
   1. Definition
      
   2. How and where money is laundered
      
   3. Scale of the problem
      
   4. How money laundering affects business, economic development and society at large
      
   5. The role of government and the international community in fighting money laundering
      
   6. The anti-money laundering law of the U.S.
      
   7. The Paris-based Financial Action Task Force [FATF] and its 40 recommendations
      
4. COFFEE BREAK (10:01-11:15 A.M.)
   
5. Salient and Sensitive Features of the Philippine Anti-Money Laundering Law (RA 9160) (10:16 A.M.-11:15 P.M.)
   
6. Open Forum (11:16 A.M.-12:00 P.M.)
   

P.M.

8. LUNCH (12:01-12:30 P.M.)
   
9. Guest Speaker: Speech by BSP Governor on The Effects of the Anti-Money Laundering Law on the Banking and Financial System and on the Economy. (12:31-1:40 P.M.)
   
10. Compliance Aspects of the Law [RA 9160] (1:41-3:20 P.M.)
    
11. Critique and Proposed Amendments (3:21-3:50 P.M.)
    
    • Does the law flesh out its desired objectives?
      
    • Does it comply with the minimum basic requirements of the FATF?
      
    • How will compliance with the law affect the country’s banking/ financial system? the secrecy of bank deposits?
      
    • How will compliance with the law affect the entry of foreign investments?
      
    • Will the law not impinge on constitutional and individual rights?
      
    • The bottom line: Should the law be amended?
      
12. COFFEE BREAK (4:10-4:30 P.M.)
    
13. Discussion on proposed amendments (4:30-5:30 P.M.)
    
14. Wrapping Up / Conclusions (5:31-6:00 P.M.)
    

The Speakers

BSP Governor Rafael Buenaventura

Fidelino G. Asinas
Vice President & Chief Compliance Officer, Equitable-PCI Bank

Atty. Juan de Zuñiga, Jr.
General Counsel, Bangko Sentral ng Pilipinas

Justice Undersecretary Jose Calida
Chair, Inter-agency Task Force on Anti-Money Laundering

Atty. Ramon Esguerra
Castillo Laman Tan Pantaleon & San Jose Law Offices

Eliseo P. Ocampo
Executive Chairman, Institute of Continuing Legal Studies and Education, Inc.

The Moderator

Eliseo P. Ocampo
Executive Chairman, Institute of Continuing Legal Studies and Education, Inc.

The Sponsors

Arellano University
2600 Legarda, Manila
Tels.: (63.2) 734.7371 to 79
Fax: (63.2) 735.8684

Established right after World War II with the pre-war Arellano Law School as its nucleus, Arellano University grew to become one of the country’s major educational institutions, with branches in Pasig, Pasay, Mandaluyong and Malabon. Its law school is now the biggest in the country in point of enrollment. It is currently pioneering in developing innovative study programs to keep abreast with, and help fill the need of, the times. Last June, it offered a new course leading to the degree of Bachelor of Science in Commerce, Major in Paralegal Studies. Next school year, the University hopes to obtain CHED approval for two additional courses, one in E-Business Management and the other in Securities Marketing.

Institute of Continuing Legal Studies and Education, Inc.
2/F Ocampo Heritage Building, 214 Wilson Street, Greenhills 1500 San Juan, Metro Manila, Philippines
Tels.: (63.2) 724.0595 © 725.1481
Fax: (63.2) 722.0432
eMail: ocampolaw@mydestiny.net

The Institute of Continuing Legal Studies and Education, Inc. was organized by law practitioners with executive experience in the fields of finance and business for the purpose of

• conducting seminars and teach-ins in the legal aspects of special fields of business, such as banking and finance, the equity, capital, money, derivatives and commodity markets, and international trade practices / relations and international agreements;
  
• undertaking continuing researches and studies on various fields of law, with focus on a project to "shepardize" and computer-program laws, jurisprudence, the rules and regulations of important regulatory agencies of the government with quasi-judicial functions, and relevant commentaries of legal authorities;
  
• conducting off-campus paralegal courses; and
  
• publishing "Fiat Lux Law Review" that will feature articles, tracts and commentaries on subjects and matters of great or significant interest to the law profession.