benjamin e diokno : keynote message - 18th amlc anniversary keynote message by mr benjamin e diokno, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the 18th amlc anniversary, kuala lumpur, 23 october 2019. * * * atty. jorge s. brania, head of aml desk of insurance commission, anti - money laundering council member and insurance commissioner, atty. dennis b. funa. securities and exchange commissioner javey paul d. francisco, who is attending on behalf of amlc member and sec chairperson, atty. emilio b. aquino. amlc secretariat executive director, atty. mel georgie b. racela. men and women of the amlc secretariat, good afternoon and welcome to the 18th anniversary of the amlc. eighteen is a significant number. in the philippines, like in most countries, the age of majority is 18. it is a coming of age, a transition into adulthood. and this is very fitting for the amlc as we are also undergoing a transformation. we are doing so by introducing improvements in our policies and operations with the hope that they will be beneficial to our country long after our terms have ended. to be honest, the year has gone by fast, but it has been a productive and exciting one for the amlc. first. the amlc adopted the 2018 implementing rules and regulations of the amla, as amended. the new rules ensure that covered persons will be held accountable for their violations of the amla. it also requires covered persons to adopt robust anti - money laundering and terrorism financing prevention programs. the amlc also issued the guidelines on identifying beneficial ownership which seeks to promote transparency in the use of legal persons, legal arrangements, and nominee arrangements. this is to ensure that these types of arrangements will be legitimately used and not for the purpose of distancing one ’ s identity from the proceeds of crime. second. the amlc has strengthened its cooperation and coordination with partner law enforcement agencies in the drive against money laundering and terrorism financing. the amlc has conducted various workshops with its partners as means to widen their awareness of different money laundering typologies, and to capacitate them in detecting and preventing such activities. in turn, the amlc continues to benefit from having established relationships with law enforcement partners in the area of development of money laundering and terrorism financing cases. third. from january 2018 to july 2019, the am

amando m tetangco, jr : sustainable inclusive growth and good governance speech by mr amando m tetangco, jr, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the 2016 general assembly of the league of municipalities of the philippines, manila, 10 february 2016. * * * distinguished officers and members of the league of municipalities of the philippines ( lmp ) under the leadership of national president sandy javier, fellow workers in government, special guests, magandang hapon sa inyong lahat! thank you for inviting the bangko sentral ng pilipinas to your general assembly with the theme “ 2016 and beyond : promoting good governance and sustainable inclusive growth. ” this is the first time for me to speak before an association of local government executives. some of you may be wondering why a central bank governor is addressing municipal governments. well, two reasons. first, lmp national president javier is a former classmate in college and two, bsp shares your objective of postering sustainable inclusive growth. pareho po tayo. clearly, our government – at the national and local levels – believes that promoting sustainable inclusive growth and good governance go hand in hand. in this connection, i am pleased to report that our track record shows that we continue to achieve major gains in both fronts. just the other week, the national economic and development authority reported that that our economy expanded by 6. 3 percent in october to december last year. ladies and gentlemen, this means that the philippines has achieved 68 quarters of uninterrupted or sustained economic growth. this brought the average full year economic growth of the philippines to 5. 8 % in 2015, among the highest in asia after india, china and vietnam. our growth would have been better if we did not have to deal with the adverse effects of el nino, other weather disturbances and adverse external conditions. in fact, analysts describe philippine economic growth as remarkable, as it is taking place when the global economy is slowing down as a result of financial and geopolitical challenges. neda said this level of growth ( in the last five years ) has not been seen in the past four decades as this is based on public and private investments in areas that create jobs, increase incomes, and improve people ’ s wellbeing. in other words, these are investments that promote sustainable inclusive growth. on the part of the bsp, we continue to be successful in providing