Name: ProfytAI MORB Part IX AML/CFT: 278 Philippine Obligations
Creator: ProfytAI

The Perimeter§903 – §941 · 9 Sections

The Whole Part IX Financial-Crime Perimeter.

Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) Regulations, mapped section by section. 278 obligations across the nine sections of Part IX, Bangko Sentral ng Pilipinas.

Sec.Coverage across Part IXObl.

§903

Scope of Regulations

4

§905

Basic Principles and Policies to Combat Money Laundering

1

§911

Risk Management

51

§921

Customer Due Diligence

121

§922

Covered and Suspicious Transaction Reporting

21

§923

Additional Preventive Measures for Specific Customers and Activities

47

§924

Record Keeping

12

§931

AML Training Program

5

§941

Sanctions and Penalties

16

Total · Part IX AML/CFT278obligations

Real RecordsStraight From the Register

See the Intelligence, Not a Description.

Real Part IX records pulled straight from the register. Each one carries a plain-language summary, the regulator's exact words, a legal citation, and the parsed duty.

BSP.MORB.2023.Sec911.a(1).p11.OBL1

p.11

§911 · Risk ManagementSHALLhigh priority

Source TextVerbatim · Mandatory

It shall conduct periodic compliance checking which covers, among others, evaluation of existing processes, policies and procedures including ongoing monitoring of performance by staff and officers involved in ML and TF prevention, reporting channels, effectiveness of the electronic money laundering transaction monitoring system and record retention system through sample testing and review of audit or examination reports.

In Plain Language

The compliance office must run periodic (non-exhaustive) compliance checks using sample testing and review of audit/examination reports, covering processes/policies/procedures, ongoing staff performance monitoring, reporting channels, and the effectiveness of the ML transaction-monitoring and record-retention systems.

In the Documentp.11

The clauses around this duty, as written in the source

(a)

Compliance office. Management of the implementation of the covered person’s Money Laundering and Terrorist Financing Prevention Program (MTPP) shall be a primary task of the compliance office. To ensure the independence of the office, it shall have a direct reporting line to the board of directors or any board-level or approved committee on all matters related to AML and CTF compliance and their risk management. It shall be principally responsible for the following functions among other functions that may be delegated by senior management and the board, to wit:

(1)

Ensure compliance by all responsible officers and employees with this Part, the AMLA, as amended, the RIRR and its own MTPP. It shall conduct periodic compliance checking which covers, among others, evaluation of existing processes, policies and procedures including ongoing monitoring of performance by staff and officers involved in ML and TF prevention, reporting channels, effectiveness of the electronic money laundering transaction monitoring system and record retention system through sample testing and review of audit or examination reports. It shall also report compliance findings to the board or any board-level committee;

(2)

Ensure that infractions, discovered either by internally initiated audits, or by special or regular examination conducted by the Bangko Sentral, or other applicable regulators, are immediately corrected;

Parsed Duty

Actorthe compliance office

Actionconduct periodic compliance checking

Objectprocesses, policies, procedures, monitoring systems and record retention

MORB, Sec. 911.a(1), p. 11 (2023 ed.)

Consequence. None stated in this provision; the BSP general enforcement framework applies (MORB Sec. 002; monetary penalties per Sec. 004 / Appendix 24).

BSP.MORB.2023.Sec923.a-(2)(6).p32.OBL1

p.32

§923 · Additional Preventive MeasuresSHALLhigh priority

Source TextVerbatim · Mandatory

Shall only include the account number or a unique transaction reference number, where the information accompanying the domestic wire transfer can be made available to the beneficiary financial institution and appropriate authorities by other effective means: Provided, That this number or identifier will permit the transaction to be traced back to the originator or the beneficiary.

In Plain Language

When domestic wire transfer information is instead supplied by other effective means, limit what accompanies the transfer to an account number or unique transaction reference number, and ensure that number permits tracing back to the originator or beneficiary.

In the Documentp.32

The clauses around this duty, as written in the source

(5)

Shall ensure that, for domestic wire transfers, the information accompanying the wire transfer includes originator information as indicated for cross-border wire transfers, unless this information can be made available to the beneficiary financial institution and relevant authorities by other effective means;

(6)

Shall only include the account number or a unique transaction reference number, where the information accompanying the domestic wire transfer can be made available to the beneficiary financial institution and appropriate authorities by other effective means: Provided, That this number or identifier will permit the transaction to be traced back to the originator or the beneficiary. The information shall be made available within three (3) working days from receipt of the request either from the beneficiary financial institution or from appropriate authorities;

(7)

Shall maintain all originator and beneficiary information collected, in accordance with Sec. 924; and

Parsed Duty

Actorthe originating financial institution

ActionInclude only a traceable account number or unique transaction reference number

Objectthe account number or unique transaction reference number accompanying the domestic wire transfer

MORB, Sec. 923.a-(2)(6), p. 32 (2023 ed.)

Consequence. None stated in this provision; the BSP general enforcement framework applies (MORB Sec. 002; monetary penalties per Sec. 004 / Appendix 24).

Each card shows the key fields for readability. Every delivered record carries the complete four-layer schema.

Semantic EnrichmentComplete Tier · Ready to Test

From a Duty to a Test You Can Run.

The Complete Tier adds a Semantic Enrichment Layer. Each duty is broken into its checkable elements, its qualifications and conditions, and the evidence an examiner expects, turning a paragraph into a checklist your testing program can execute.

Compliance Checklist. The discrete elements a reviewer confirms, each tied to its source phrase.
Qualifications. The conditions and carve-outs that change how a duty applies.
Evidence Expectations. The artifact, recipient, and trigger an examiner will look for.

§923 · Additional Preventive MeasuresBSP.MORB.2023.Sec923.p34.OBL6

Compliance Checklist

01Require proof of registration with the AMLCSource · “requiring proof of registration with the AMLC”
02Review and assess the entity's AML/CFT program for reasonable assurance of AML complianceSource · “reviewing and assessing their AML/CFT program to have reasonable assurance on their AML compliance”
03Obtain additional information on the entitySource · “obtaining additional information”
04Secure senior management approval before establishing the business relationshipSource · “securing senior management approval for establishing business relationship”

Qualifications

Condition Precedent

“presenting greater risk”

limits the enhanced due diligence duty to higher-risk entities

Evidence Expectations

Proof of registration with the AMLCTrigger · On enhanced due diligence of a greater-risk entity

Senior management approval for establishing the business relationshipTrigger · Before establishing business relationship with a greater-risk entity

Real enrichment from the Complete tier. Population varies by how much a clause spells out.

The Evidence ChainEvery Obligation, Captured

When the Examiner Asks, Show Them the Page.

A structured record is a claim. The evidence capture is the proof. It shows the MORB source page with the duty highlighted, stamped with its obligation ID, section, and page. When an examiner asks where a requirement came from, you hand them the page.

The Free Sample · Nothing Held Back

Captures, Exactly As You Would Receive Them.

§903 - §941 · One page per record

Evidence capture for BSP.MORB.2023.Sec903.p2.OBL3 — §903MORB, Sec. 903, p. 2 (2023 ed.)

Evidence capture for BSP.MORB.2023.Sec903.p2.OBL4 — §903MORB, Sec. 903, p. 2 (2023 ed.)

Evidence capture for BSP.MORB.2023.Sec903.p3.OBL1 — §903MORB, Sec. 903, p. 3 (2023 ed.)

Evidence capture for BSP.MORB.2023.Sec905.p10.OBL1 — §905MORB, Sec. 905, p. 10 (2023 ed.)

Four of the Free Sample's 20 Captures · §903 → §941 · Hover to Zoom

A source-page capture ships for all 278 obligations on the Complete and Policy Library tiers, and the free sample carries these same 20 captures, so you can inspect the exact chain before you spend a cent.

ProfytAI Regulatory Intelligence274 of 278 Records, Explained

Part IX Is Dense. Understanding It Shouldn't Be.

Regulatory Intelligence ships across the register, on 274 of the 278 records. Each carries a generated read of what the duty means, why it exists, and how teams implement it, always traceable back to the exact BSP wording.

One Record From the Dataset

SHALLMandatory§921 Customer Due DiligenceBSP.MORB.2023.Sec921.p16.OBL3

Verbatim

A covered person shall formulate a risk-based and tiered customer acceptance, identification and retention policy that involves reduced CDD for potentially low-risk clients and enhanced CDD for higher-risk accounts.

ProfytAI Regulatory Intelligence

Requires a covered person to formulate a risk-based, tiered customer acceptance, identification, and retention policy that applies reduced due diligence to low-risk clients and enhanced due diligence to higher-risk accounts.

Requirement Type

Requirement

Relationship

A standalone paragraph in the 'Customer acceptance and identification policy' subsection, alongside the policy-development and inclusion requirements; it directly anticipates the following lettered item that sets out the actual criteria for low, normal, and high risk customer types.

Why This Exists

Implements a proportionate, risk-based approach to due diligence so that compliance effort concentrates where money laundering or terrorist financing risk is highest, rather than being applied uniformly to every customer.

How Teams Implement It

Typically involves building a documented customer risk-rating methodology and mapping each risk tier to a defined level of due diligence and account retention treatment.

Interpretation Note · 'Risk-based and tiered' and the reduced-versus-enhanced due diligence split are elaborated in the neighboring item on risk criteria and due diligence standards; read this sentence as the general mandate that item implements.

Why This Is Valuable

From Manual Prose to Operational Knowledge.

Teams spend weeks reading Part IX, interpreting intent, and explaining requirements to analysts and officers. That work ships finished, on the record.

Understand

A plain-language read of what the BSP is actually requiring.

Contextualize

Each duty placed against its parent clause and its siblings in Part IX.

Operationalize

Implementation notes move a team from requirement to execution.

Knowledge Ready

Structured and searchable, ready to power your program and your AI systems.

Power Everything

01AML Assistants and Chatbots

02RAG Applications

03Semantic Search

04MTPP Drafting

05Control Libraries

06Exam Workpapers

07Knowledge Bases

08Coverage Dashboards

Regulatory Intelligence is generated from the structured obligation and preserves traceability back to the originating clause, its citation, and the source page. It accelerates understanding. The byte-exact verbatim text remains the authority you cite.

Enacted Policy StatementsTier 03 · Policy Library

Premium Add-On

The Register Tells You the Rule. The Policy Library Answers It.

All 278 obligations are covered by 73 enacted, citation-anchored policy statements, one per regulatory group. Compare each to your own policy, close the gap, and move on. Your experts review. The drafting is done.

ProfytAI Dataset · Policy Statement Record

Enacted§921 · Restricted AccountBSP.MORB.2023.Sec921.OBL.GRP.08

Policy Statement

The Bank offers a restricted account to customers who cannot yet present a required identification document, subject to firm limits. (a) Aggregate credits to such an account stay within P100,000 in any single year. (b) These accounts neither send nor receive foreign remittances. (c) In place of a valid ID, the Bank records the customer's full name, date of birth, address and nationality and retains on file a clear photograph together with a signature or biometric. (d) Opening is conditioned on the customer securing a valid ID inside twelve (12) months; failing that, the Bank closes the account and returns the remaining balance, though it may grant one further extension of twelve (12) months when the customer shows proof of a pending ID application. (e) The Bank monitors these conditions continuously, and on any breach it immediately demands complete information and a valid ID or else closes the account.

Covers 5 Obligations

BSP.MORB.2023.Sec921.e(1).p19.OBL1BSP.MORB.2023.Sec921.e(2).p19.OBL1BSP.MORB.2023.Sec921.e.p19.OBL1BSP.MORB.2023.Sec921.e.p19.OBL2BSP.MORB.2023.Sec921.e.p19.OBL3

Source · MORB 2023, Sec. 921 (Customer Due Diligence), p. 19 (Bangko Sentral ng Pilipinas)

Sample of a licensed feature · Statements are ProfytAI original, bank-voiced work

Gap-Check in Days

Compare bank policies to enacted statements group by group, instead of reading Part IX end to end.

One Statement Per Group

73 bank-voiced statements, each covering a full regulatory group, so nothing between owners is missed.

Citation-Anchored

Every statement traces to its Part IX section and page, ready for your examiner.

Review, Don't Draft

Your experts review and adopt language that is already written and grouped for them.

Every statement is drafted for your review and adoption, and traces to its source citation. You approve the policy. We retire the drafting.

See the Policy Library Tier

Provenance and QABuilt to Survive Review

Data Your Reviewers Can Sign Off On.

Regulatory data earns its keep in front of an examiner. Every release is built to survive that review.

Versioned, Never Silently Stale

Dated releases with a change log. Your citations stay anchored to the text as it stood on your assessment date.

Cited and Page-Anchored

Every record quotes the source verbatim with a legal citation and page. Traceability is enforced at build, not aspirational.

Errata Commitment

Report a confirmed extraction error and we correct it and reissue the affected dataset to every licensee of that version, free.

Procurement Ready

Every delivery ships with a data dictionary, methodology notes, and license terms. A signed DPA is available on request.

The Financial- Crime Rulebook of the Philippines, as Data You Can License.

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