Press Release

Public Forum on the nitty-gritty of the Anti-Money Laundering Law scheduled for December 5

In response to the clamor of the participants in a forum earlier held on the Anti-Money Laundering Law and of those who failed to attend the original forum, the Institute of Continuing Legal Studies and Education, in collaboration with Arellano University, will conduct a followup forum entitled “The Nitty-Gritty of the Anti-Money Laundering Law: Its Implementing Rules and Regulations” on December 5, 2001, at the Manila Peninsula Hotel, Makati City.

The topics agenda for intensive discussions are as follows:

1. Highlights of the Anti-Money Laundering Law (R.A. No.9160) and synthesis of issues and questions raised thereon.
   
2. The Implementing Rules of the law (in general).
   
3. The IRRs as applied to banking institutions.
   
4. The IRRs as applied to securities dealers and brokers and other financial market intermediaries.
   
5. The IRRs as applied to insurance companies.
   
6. The enforcement aspects of the Anti-Money Laundering Law.
   

The Institute of Continuing Legal Studies and Education was organized by law practitioners with executive experience in the fields of finance and business for the purpose of 1) 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; 2) undertaking continuing researches and studies on various fields of law; 3) conducting a paralegal service bureau for the benefit of the law profession and its lower middle-class clientele; 4) and publishing articles, tracts and commentaries on subjects and matters of great or significant interest to the law profession. It is headed by Eliseo P. Ocampo, a multi-disciplined corporation law practitioner with executive stints in business and in government.

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 program to keep abreast with, and help fill the need of, the times. Last year, 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.