AMLA

The Anti-Money Laundering Act

Recently, the Anti-Money Laundering Act of 2001 (Republic Act 11521) was amended to include real estate developers, real estate brokers, and POGOs to report suspicious transactions to the Anti-Money Laundering Council (AMLC).

The said amendment was enacted by Congress to combat the rising cases of money laundering in the Philippines and to avoid being grey-listed by international banking institutions and foreign governments.

In this video, we talk about the reasons why real estate brokers were included and the effects of money laundering not just to the Philippine real estate industry but to the overall economy as well.

Inquire us for more information

The Anti-Money Laundering Act

Recently, the Anti-Money Laundering Act of 2001 (Republic Act 11521) was amended to include real estate developers, real estate brokers, and POGOs to report suspicious transactions to the Anti-Money Laundering Council (AMLC).

The said amendment was enacted by Congress to combat the rising cases of money laundering in the Philippines and to avoid being grey-listed by international banking institutions and foreign governments.

In this video, we talk about the reasons why real estate brokers were included and the effects of money laundering not just to the Philippine real estate industry but to the overall economy as well.

Inquire us for more information

Property King PH - Real Estate Agency in the Philippines

Property King is a real estate agency based in Manila, offering efficient and transparent real estate solutions for clients all over the Philippines. Aiming to provide our clients with sound, timely, and realistic investment strategies to generate wealth and passive income, Property King guarantees real estate brokerage services from only seasoned brokers with impeccable reputations. Privately-owned with a nationwide network, the agency is dedicated to providing the ultimate customer service for every client.

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