SGV Partner Veronica Mae Arce Balisi conducts AML/CTPF training session for FINEX Academy

SGV Financial Services Organization (FSO) Partner Veronica Mae Arce Balisi (VAB) conducted an Anti-Money Laundering (AML)/Counter Terrorism and Proliferation Financing (CTPF) training session during the recent Financial Executives Institute of the Philippines (FINEX) Academy Capital Markets and Fixed Income Securities Course. Agents and legal professionals from the securities sector and others preparing for the Securities and Exchange Commission (SEC) certification exam attended the training session.



Veronica with the FINEX attendees


Veronica kicked off the training by updating the participants on the inclusion of the Philippines in the Financial Action Task Force (FATF) grey list once again. This was followed by an introduction to Money Laundering (ML), and Terrorist Financing (TF) and Proliferation Financing (PF) including concepts of predicate and unlawful activities. 


Veronica also discussed recent regulatory updates on AML/CTPF and preventive measures of covered persons/institutions for capital markets and the fixed income securities industry in preventing and combatting financial crimes. The impacts of the Russia-Ukraine war were also discussed including countries’ sanctions on Russia.


FSO Associate Rubin Hollero II facilitated quick knowledge check-in polls to assess the participants’ learning progress. This was Veronica’s sixth time conducting an AML/CTPF training session for the FINEX Academy.

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