Bills and Exposure drafts

  • The National Payment Systems Act (SBN 178 – Sen. Paolo Benigno “Bam” Aquino IV) An Act Providing for the Regulation and Supervision of Payment Systems
    The bill seeks to organize, manage, and regulate all matters affecting payment instructions in the country under the Bangko Sentral ng Pilipinas to promote effective interoperability among payment systems, incorporating digital transactions.
  • Anti-Money Laundering Act of 2001 Amendments (SBN 45 – Panfilo M. Lacson; SBN 1242 – Sen. Paolo Benigno “Bam” Aquino IV; SBN 1256 – Francis “Chiz” G. Escudero)An Act to Further Strengthen the Anti-Money Laundering Act, Amending for the Purpose Sections 3, 3(A), 3(B), 3(G), 3(I), 7, 7(2), 7(5), 7(6), 7(7), 9(A), 9(C), 10, 11, 14(F), 14(G), and 16; and Repealing Section 20 of Republic Act No. 9160, Otherwise known as the “Anti-Money Laundering Act Of 2001,” As Amended
    This bill seeks to strengthen the AMLC mandate to include casinos, real estate brokers, art dealers and motor vehicle dealers as covered persons under the Act. This bill also seeks to designate the Bangko Sentral ng Pilipinas (BSP) as the supervising authority for foreign exchange dealers, money changers, and remittance businesses, giving them the authority to monitor such institutions, as well as giving the AMLC authority to supervise any institution that does not have a designated authority.