In view of the recent evaluation by a joint Worldbank/Asia Pacific Group (APG) Assessment Team, which showed that one of the key findings by the Team in its Detailed Assessment Report (DAR) is the weak implementation by Philippine customs authorities of the cross border reporting requirement and the capacity to discover cash couriers, you are hereby directed to do the following remedial measures to address the aforesaid deficiencies and weaknesses:

1. All District and Port Collectors in all International Airports and Seaports are required to submit the foreign currency declarations of all outgoing and incoming passengers on a regular basis to the Anti-Money Laundering Council (AMLC) within ten (10) days from the end of its month, pursuant to Section III-C-4 of Memorandum of Agreement entered into by and between Bangko Sentral ng Pilipinas (BSP), Bureau of Customs (BOC), Manila International Airport Authority (MIAA), Philippine National Police (PNP), Bureau of Immigration (BI), Air Transportation Office (ATO), and Philippine Ports Authority (PPA), published in CMC No. 24-2005,

2. Report to the BSP through the International Operations Department (IOD) and to the AMLC, violations of BSP rules detected by or reported to the BOC by the PNP, pursuant to Section III-C-5.

3. Comply with all the BOC functions and responsibilities as stated in subject MOA particularly Section III-C thereof.

4. Coordinate with the CIIS and ESS in the effective enforcement and/or implementation of the subject MOA.

5. Institute measures to ensure compliance with the rules stated in the subject MOA with equal bigger and efficiency in your respective areas of jurisdiction including the detection and apprehension of undeclared or misdeclared foreign and Philippine currencies.

For your strict and immediate compliance.

Adopted: 7 Aug. 2009

(SGD.) NAPOLEON L. MORALES
Commissioner