Inside the transaction: How AFASA changes AML in the Philippines

Built for compliance leaders at Philippine banks, electronic money issuers, and payment firms, our speakers cover topics including:

• The deadline is behind you, not ahead of you: The BSP's anti-scam circulars implement AFASA and are already in force. Firms are required to stop fraudulent payments as they happen, can hold disputed funds for up to 30 days, and may be held liable for losses if they fail to act. What are examiners asking for first?
• Manual screening is the gap examiners find: The AMLC has identified sanctions screening as a weakness across Philippine institutions, citing slow, manual review. Nine money service businesses lost their registrations across 2024 and 2025. If your sanctions lists still have to be loaded by hand, where does that leave you?
• Analysts cannot work at payment speed: A covered transaction report within one banking day can be met by adding people. A decision inside the payment cannot. Where does the manual model stop working, and what should you fix first?
• Fraud here is an identity problem: Social engineering, account takeover, and identity theft accounted for 76% of fraud losses, per the BSP's February 2026 commentary. With one-time passwords (OTPs) being phased out for high-risk transactions, what should onboarding look like now?