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S. No. 3009'R No. 4275

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Begun and 'held in Metro ,Manila, on Monday, the twenty-fifthday of)uly, two VtousaJ¥f eleven. .~...•.. ,-': .;,

••[ REPUBLIC Ac:r No. 101 G7, ]

AN ACYr To FURTHER STRENGTHEN THE ANTI-MONEYLAUNDERING LAW, ,AMENDING FQR THEPURPOSE SECTIONS 10 AND 11' OF REPUBLICACT NO.'91BO, OTHERWISE, KNOWN AS THE"ANTI-MONEY.LAUNDERING ACT OF 200r, ASAMENDED, ~ FOR OTHER PURPOSES

.Be it enacted by tlu! Senate and HO'l,£8e of Representatives of" ' the Philippines in. Congress assembled: .

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SECTION 1. Section 10 of Republic Act No. 9160, as. amen!i~d. is :berebyamended to read as follows:

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"SEC. 10. Freezing of Monetary Instrument orProperty. - Upon verified ex PfJrte petition by theAMLC and after determination that probable causeexists that any monetary instrument or property is m:any way related to an unlawful activity 8S defined in .Section 3(i) hereof. the Court ofAppeals may, issue afreeze order. which shall be effective immediately. Thefreeze' order shall be for a period of twenty (20) d'aysunless extended by the court. In an'y case, the .courtshould act on the p'etition to freeze within twenty.four(24) hours froni filing of the Jle~tion. H the a~plicationis filed a day before a nonworking day. the computationof the twenty-fo~ (24).hoUr period, shall exclude thenonworking days."

"Aperson whose Bccqunt.haS beep. frozen ~ filea motion to lift the freeze order and the court mustresolve this motion before the expi:i-8.tionof the twenty(20)-day original freeze order." '~ . , . .

. ''No court shall issue a temporary restraining orderor a writ of injunction against any freeze order. exceptthe Supreme Court. II :,

SEC. 2. Section 11 of the ~e Act is hereby ame~dedto read, as followa:

~'SEC.11. Authority to Inquire intp Bank Deposits.-' Notwithstanding the .provisions of Republic Act No.,1405. as amended; Republic Act No. 6426, a8 ainended;Republic Act No. 8791; and other laws, the AMLC.may inquire into or eX8miD~ any particular deposit orinvestment. including related aecounts, with anybanking institution or non-bank financial. institution ..upon o~ei of any cOmpetent court', based on' ap. ex:paTte application in caaes'of ViolationS.ofthis Act. whenit has been establiehed that there is probable 'causethat the deposita OT: investme.iJts. including related .accounts involve,li. are' related to an unlawful activity ,as defined in Section S(i) ~reaf or a mQneylaunderingoffense under Section 4 hereof;e.xcept that no courtorder shall be required in ~es involving activitiee

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defined in Section '3(i)(1), (2),' and, (1.2),.hereof, andfaloniesor offenses 'of a nature sUnilar' to those'mentioned in Section 3(i)(1), (2), and (12), which' arepunighabie under the penal laws of' oth~ cQuntries,

,~ and terrorism aild consPiracy to'cominit'terrorism as'defined and, penalized under Republic ActNo~ 9372."

"The,Court of,Appeals sba1I:act ()n the applicationto inqUire into or. ex~e any deposit or investment,with any 'banking institution or non-baiik. finailcialinstitution within twenty-foUr (~) hours from filing ofthe application." ' ' .

"To ensure comPliance with this Act-,the BangkoSenti'a! ng Pilipinas may, in the course of a periodi~or epeci81 e~ination,,: check the compliance of aamred ipstituiion with the requireDient8 Of ~ .AMLA,and its implementing, rules and regul8t:ions." ,

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, "For purpos~ of tbi~ section, ~related accounts'shall refer to accounts, the funds and BO\l!'OOs of whichori~ated. from and/or ~e materUilly linked to themonetary instrument(s) or property(IeB) subject of thefree~ ,order(a}." , '

, (fAcourt ord~ ex parte must .first',be 'oQtain~dbefore the AMLCcan inquire iilto .these relatedaccounts: Provided, That the procedure foJ'"the ex'parte appliCation .of the ex parte co~ order for theprincipal account:,hall be' th~ same Wit~ that of therelated accounts,". '

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, "The- authonty to inquire' into or' ~xamme, the'main account and the related accountS .al1all complywith the requirements, of Article Ill, S.ections 2 anda 'of the 1937 Constitution, which, are herebyincozporated by reference," . .' .". :'. "

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.. SEC. 3. Separability Cf4u,Be. - IT ~, provision of thisAct or' the application thereof to any person or' cirCuinstilil.ceis held to be void. or unconstitutional. imy 'qtl:J.er provision notaffected thereby shall remain in full force and effect. "

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SEC. 4. ~epealing Clause:~ All laws, decrees; executiVeorders, ,r~es and r,egulations or parts thereof as are, inconsistent with this Act are hereby repe~ed, amended ormodified accordingly: Provided, ,That the penal proVisions shallnot apply to' acts done pri9i' to the effectivity of the .AMLA,on October 17, 2001. '

SEd. 5. Effectivity. - This Act, shall tak~ effect fifteen,(15) dRys 8fter ita 'complete publication in the Official 'Gazette 'or in at, ..le,ast' two (2) national newspapers of generalcirculation.

Approved.

, ThisAct which is a conso'lidationof Senate Bill No. 3009 andHouse 'Bill No. 4275 was finally passed by the Senate and 'theHouse of Representatives on ,JUne 6; 2012.

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'~.~ ..MARlLYN~;8

Secretary General, 'House of Representatives

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A"B-ENIGN?r s.;

'President of /h

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Secretary' oj Senate

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rJ..'QUINO illPhilippines

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