Anti-Money Laundering (AML) Oversight Committee

The committee is primarily responsible for overseeing the banks compliance with Philippine
Anti-Money Laundering laws, rules and regulations, and applicable global practices, and ensures
that related bank policies, systems and procedures are appropriate and the required expertise
are adequate for this purpose.
There will be meetings held by the board of directors.

Bank Compliance Division

To strengthen the compliance and align it with the regulatory changes in the Philippine banking
laws, rules and regulations, the business environment and emerging developments that affect
the banks policies, processes and professional expertise.
Enhances the Banks AML monitoring and reporting system, conducted continuing AML
education across the organization and provides guidance to business units on legal and
regulatory issues. A compliance testing program is also put in place to effectively monitor the
level of awareness and consistency of compliance in banking laws, rules and regulations with
emphasis on AML requirements.
The bank is firmly committed to full compliance program with applicable Philippine banking
laws, rules and regulation, and appropriate adherence to global standards.
The board has the ultimate responsibility for setting and directing the banks compliance policy,
overseeing implementation and resolving compliance issues expeditiously and effectively.
The senior management is directly responsible for managing bank compliance by:
o Continuously assessing compliance effectiveness and appropriateness.
o Recommending changes in the banks compliance policy, as necessary
o Taking immediate action and appropriate mitigates and/or corrective actions if and
when breach occurs.

Money Laundering Prevention Program

Manifests its commitment to ensure they follow AMLA as revised, and applicable international
laws, prohibitions and restrictions.
Provides for a risk based approach to customer identification, gathering Know-Your-Customer
information, due to diligence and enhanced diligence, assessment measures, internal control
system and procedures, record keeping and accountabilities.
Maintains a certified automated system that enables its business units to accurately and
efficiently monitor customer accounts and transactions and report unusual or potentially
suspicious activities.