Updates : Republic Act 10365 - Law Amending AMLA Signed by President Aquino

As earlier posted on this blog [1],  real estate brokers and agents were excluded (in the list of entities required to report to AMLC) in the earlier version of the amendments for AMLA. Last Friday President Benigno Aquino III signed into law Republic Act No. 10365  or "An Act Further Strengthening the Anti-Money Laundering Act" (AMLA), and in the final version of the law,"real estate agents" were included the list of entities required to report financial transactions to the Anti-Money Laundering Council :

"The new law, Republic Act 10365, expands the list of entities required to report financial transactions to the Anti-Money Laundering Council, which include pre-need companies, money changers, real estate agents, and dealers of precious stones and metal." 

[1]http://theprojectreview.blogspot.com/2013/01/information-real-estate-brokers-and.html

News Source :
http://www.interaksyon.com/article/55160/pnoy-signs-into-law-bill-strengthening-amla