Pursuant to the provisions of Section 9 (c) of R.A. No. 9160, otherwise known as the "Anti-Money Laundering Act of 2001", as amended, and Rule 9.3.a of its Revised Implementing Rules and Regulations (RIRRs), the Monetary Board in its Resolution No. 630 dated 22 May 2008, approved the extension of the deadline for submission of covered transaction reports (CTRs) and suspicious transaction reports (STRs) by all banks and non-bank financial institutions under the supervision and regulation of the Bangko Sentral ng Pilipinas (BSP) to the Anti-Money Laundering Council (AMLC) from five (5) working day to ten (10) working days from occurrence thereof.

This Circular shall take effect (15) days after its publication either in the Official Gazette or in a newspaper of general circulation.

Adopted: 13, June 2008


(SGD.) AMANDO M. TETANGCO, JR.
Governor