The Anti-Money Laundering Council (AMLC) on Wednesday welcomed the issuance of Memorandum Circular No. 113, which directs a whole-of-government approach to support the drafting and implementation of the National Anti-Money Laundering and Counter-Terrorism/ Counter-Proliferation Financing Strategy (NACS) 2026-2030.
Executive Secretary Ralph Recto, by the authority of President Ferdinand Marcos Jr., signed the memorandum on Feb. 12. The order assigns the AMLC to provide technical and administrative support, set timelines and monitor the compliance of agencies in preparing the updated NACS.
Heads of government agencies and instrumentalities are also instructed to align their institutional action plans for the NACS 2026-2030.
The move follows the completion of the Philippines’ third national risk assessment covering 2021 to 2024. That assessment identified priority threats within the current system and recommended risk-based measures to strengthen the framework against money laundering, terrorism financing and proliferation financing.
The AMLC was designated as the secretariat of the National Anti-Money Laundering/ Counter-Terrorism Financing/Counter-Proliferation Financing Coordinating Committee.
Once finalized and approved, the NACS 2026-2030 will serve as the principal policy roadmap as the country prepares for its fourth mutual evaluation by the Asia/Pacific Group on Money Laundering in 2027.
The 2027 evaluation will assess technical compliance with the 40 recommendations of the Financial Action Task Force and effectiveness across 11 immediate outcomes.
“The AMLC looks forward in actively engaging with concerned agencies, LGUs, and GOCCs in the drafting process and aligning their institutional plans with national priorities under the NACS 2026-2030,” the council said in a statement.
