SGV Financial Services Organization (FSO) Partner Veronica Mae “Nica” Arce Balisi was a resource speaker at the Financial Executives Institute of the Philippines (FINEX) Anti-Money Laundering and Counter Terrorist and Proliferation Financing (AML/CTPF) training held via Zoom. This was Nica’s 10th time conducting this session for FINEX Academy.
Nica (upper left) and FINEX Director Ned Goseco (upper right) during the webinar
FINEX Director Ronald Luis "Ned" Goseco delivered the welcome remarks and introduced Nica as the resource speaker. Nica gave an overview of money laundering (ML) and terrorist and proliferation financing (TPF). Nica also discussed different concepts of predicate crimes and unlawful activities, Philippine legislation and updates on the regulatory landscape, and the primary duties of covered persons or institutions in combatting ML/TPF.
FSO Director Anne Mariel Lagao facilitated knowledge checks via poll questions given in between discussions to maintain interaction with the participants and to gauge their understanding of the topics.
To wrap up the session, Nica emphasized that, “As covered persons, we have our own roles that can mitigate ML/TPF risks, if we’ll just use our power or authority for the right purposes then together, we can build a better working world.”
