Financial Crime Risk Division

Previously named “Global AML Compliance Division”, the mandate of Financial Crime Risk Division (FCRD) was expanded to cover not only money laundering, but also other forms of financial crime. FCRD encompasses five (5) key areas: Anti-Money Laundering, Terrorist Financing, Sanctions, Bribery and Corruption, and Tax Evasion.

FCRD ensures that all operating units of the Bank comply with the requirements and obligations set out in legislation, rules, regulations, banking guidance, global best practices; and that adequate systems and controls are in place to mitigate the risk of the Bank being used as a conduit to facilitate financial crime.

Financial Crime Risk Learning Tools

What is Money Laundering?

Money laundering is the criminal practice of processing ill-gotten gains, or “dirty” money, through a series of transactions; in this way the funds are “cleaned” so that they appear to be proceeds from legal activities. Money laundering generally does not involve currency at every stage of the laundering process.

Read more >>>

What is Terrorist Financing?

Terrorist Financing is the provision of funds, whether from legitimate or illegitimate source, to individual terrorists and groups.

Read more >>>

What is Bribery and Corruption?

Bribery is understood by the Bank as an offer, promise, give, or authorize others to give or, agree anyone else to offer, promise, give, or authorize others to give Anything of Value directly or indirectly, to any party to improperly obtain or retain business or to influence any Public Official, or otherwise gain an unfair business advantage. Meanwhile, Corruption is understood as the abuse of entrusted power for private gain.

Read more >>>

What are Sanctions?

Sanctions are a policy tool that national governments like the US, UK, etc. and multinational organizations such as the UN and European Commission, use to constrain and deter perceived security threats, to prevent or suppress criminal activity, or to encourage a change in or to apply pressure on a target country or regime.

Read more >>>

What is Tax Evasion?

Tax evasion is understood as the illegal act by a person or entity in deliberately avoiding paying a true tax liability

Read more >>>

Customer Care

Bank Hotline
Tel. No.: (+632) 8573 8888
PNB Cards
Tel. No.: (+632) 8818 9818
Deposits are insured by PDIC up to P500,000 per depositor.
PNB is regulated by the Bangko Sentral ng Pilipinas
BSP Webchat -
SMS: 021582277 (for Globe subscribers only)
BSP Facebook -
Privacy Policy