Extension of Report Submission Deadline to AMLC

Section 9(c) of Republic Act No. 9160 authorizes the issuance of measures governing reporting requirements to the AMLC.
Rule 9.3.a of the Revised Implementing Rules and Regulations (RIRRs) governs the timing of submission of covered and suspicious transaction reports.
The Monetary Board approved the extension by Resolution No. 630 (22 May 2008).
The circular applies to institutions that submit reports under the supervision and regulation of the Bangko Sentral ng Pilipinas (BSP).

The extended deadline applies to all banks under the supervision and regulation of the BSP.
The extended deadline applies to all non-bank financial institutions under the supervision and regulation of the BSP.
The extension covers submission of covered transaction reports (CTRs).
The extension covers submission of suspicious transaction reports (STRs).

BSP Circular No. 612 extends the submission deadline for CTRs and STRs to the AMLC.
The deadline increases from five (5) working days to ten (10) working days from the occurrence of the reportable transaction.
All banks and non-bank financial institutions under BSP supervision must follow the ten (10) working day deadline for both CTRs and STRs.

Reports must be submitted to the AMLC within ten (10) working days measured from occurrence.
BSP Circular No. 612 changes the timing requirement for reporting compared to the earlier five (5) working day period.
The circular’s extension applies to reporting obligations effective during its effectivity period once 15 days after publication has lapsed.