Republic of the Philippines CONGRESS OF THE PHILIPPINES Metro Manila Fifteenth Congress Third Regular Session Begun and

held in Metro Manila, on Monday, the twenty-third day of July, two thousand twelve. REPUBLIC ACT NO !"#$% AN ACT FURTHER STRENGTHENING THE ANTI&'ONE( LAUN)ERING LA*+ A'EN)ING FOR THE PURPOSEREPUBLIC ACT NO ,!$"+ OTHER*ISE -NO*N AS THE .ANTI&'ONE( LAUN)ERING ACT OF /""!0+ AS A'EN)E) Be it enacted by the Senate and House of Representatives of the Philippines in asse!bled" ongress

Se1tion ! Section 3(a) of Republic Act No. 9160, as a en!e!, is hereb" a en!e! to rea! as follo#s$ %(a) &'o(ere! persons), natural or *uri!ical, refer to$ %(1) ban+s, non,ban+s, -uasi,ban+s, trust entities, forei.n e/chan.e !ealers, pa#nshops, one" chan.ers, re ittance an! transfer co panies an! other si ilar entities an! all other persons an! their subsi!iaries an! affiliates super(ise! or re.ulate! b" the 0an.+o Sentral n. Pilipinas (0SP)1 %(2) insurance co panies, pre,nee! co panies an! all other persons super(ise! or re.ulate! b" the 3nsurance 'o ission (3')1 %(3) (i) securities !ealers, bro+ers, sales en, in(est ent houses an! other si ilar persons ana.in. securities or ren!erin. ser(ices as in(est ent a.ent, a!(isor, or consultant, (ii) utual fun!s, close,en! in(est ent co panies, co on trust fun!s, an! other si ilar persons, an! (iii) other entities a! inisterin. or other#ise !ealin. in currenc", co o!ities or financial !eri(ati(es base! thereon, (aluable ob*ects, cash substitutes an! other si ilar onetar" instru ents or propert" super(ise! or re.ulate! b" the Securities an! 4/chan.e 'o ission (S4')1 %(5) *e#elr" !ealers in precious etals, #ho, as a business, tra!e in precious for transactions in e/cess of 6ne illion pesos (P1,000,000.00)1 etals,

%(7) *e#elr" !ealers in precious stones, #ho, as a business, tra!e in precious stones, for transactions in e/cess of 6ne illion pesos (P1,000,000.00)1 %(6) co pan" ser(ice pro(i!ers #hich, as a business, pro(i!e an" of the follo#in. ser(ices to thir! parties$ (i) actin. as a for ation a.ent of *uri!ical persons1 (ii) actin. as (or arran.in. for another person to act as) a !irector or corporate secretar" of a co pan", a partner of a partnership, or a si ilar position in relation to other *uri!ical persons1 (iii) pro(i!in. a re.istere! office, business a!!ress or acco o!ation, correspon!ence or a! inistrati(e a!!ress for a co pan", a partnership or an" other

le.al person or arran.e ent1 an! (i() actin. as (or arran.in. for another person to act as) a no inee sharehol!er for another person1 an! %(8) persons #ho pro(i!e an" of the follo#in. ser(ices$ (i) (ii) ana.in. of client one", securities or other assets1

ana.e ent of ban+, sa(in.s or securities accounts1 ana.e ent of

(iii) or.ani9ation of contributions for the creation, operation or co panies1 an!

(i() creation, operation or ana.e ent of *uri!ical persons or arran.e ents, an! bu"in. an! sellin. business entities. %Not#ithstan!in. the fore.oin., the ter &co(ere! persons) shall e/clu!e la#"ers an! accountants actin. as in!epen!ent le.al professionals in relation to infor ation concernin. their clients or #here !isclosure of infor ation #oul! co pro ise client confi!ences or the attorne",client relationship$ Provided, :hat these la#"ers an! accountants are authori9e! to practice in the Philippines an! shall continue to be sub*ect to the pro(isions of their respecti(e co!es of con!uct an!;or professional responsibilit" or an" of its a en! ents.% Se1tion / Section 3(i) of the sa e Act is hereb" a en!e! to rea! as follo#s$ %(i) &<nla#ful acti(it") refers to an" act or o ission or series or co bination thereof in(ol(in. or ha(in. !irect relation to the follo#in.$ %(1) =i!nappin. for ranso un!er Article 268 of Act No. 3>17, other#ise +no#n as the Re(ise! Penal 'o!e, as a en!e!1 %(2) Sections 5, 7, 6, >, 9, 10, 11, 12, 13, 15, 17 an! 16 of Republic Act No. 9167, other#ise +no#n as the 'o prehensi(e ?an.erous ?ru.s Act of 20021 %(3) Section 3 para.raphs 0, ', 4, @, A an! 3 of Republic Act No. 3019, as a en!e!, other#ise +no#n as the Anti,@raft an! 'orrupt Practices Act1 %(5) Plun!er un!er Republic Act No. 80>0, as a en!e!1 %(7) Robber" an! e/tortion un!er Articles 295, 297, 296, 299, 300, 301 an! 302 of the Re(ise! Penal 'o!e, as a en!e!1 %(6) Bueten. an! Masiao punishe! as ille.al .a blin. un!er Presi!ential ?ecree No. 16021 %(8) Pirac" on the hi.h seas un!er the Re(ise! Penal 'o!e, as a en!e! an! Presi!ential ?ecree No. 7321 %(>) Cualifie! theft un!er Article 310 of the Re(ise! Penal 'o!e, as a en!e!1

%(9) S#in!lin. un!er Article 317 an! 6ther Dor s of S#in!lin. un!er Article 316 of the Re(ise! Penal 'o!e, as a en!e!1 %(10) S u..lin. un!er Republic Act Nos. 577 an! 19381 %(11) Eiolations of Republic Act No. >892, other#ise +no#n as the 4lectronic 'o erce Act of 20001 %(12) Ai*ac+in. an! other (iolations un!er Republic Act No. 62371 !estructi(e arson an! ur!er, as !efine! un!er the Re(ise! Penal 'o!e, as a en!e!1 %(13) :erroris an! conspirac" to co it terroris Sections 3 an! 5 of Republic Act No. 93821 as !efine! an! penali9e! un!er

%(15) Dinancin. of terroris un!er Section 5 an! offenses punishable un!er Sections 7, 6, 8 an! > of Republic Act No. 1016>, other#ise +no#n as the :erroris Dinancin. Pre(ention an! Suppression Act of 2012$ %(17) 0riber" un!er Articles 210, 211 an! 211,A of the Re(ise! Penal 'o!e, as a en!e!, an! 'orruption of Public 6fficers un!er Article 212 of the Re(ise! Penal 'o!e, as a en!e!1 %(16) Drau!s an! 3lle.al 4/actions an! :ransactions un!er Articles 213, 215, 217 an! 216 of the Re(ise! Penal 'o!e, as a en!e!1 %(18) Mal(ersation of Public Dun!s an! Propert" un!er Articles 218 an! 222 of the Re(ise! Penal 'o!e, as a en!e!1 %(1>) Dor.eries an! 'ounterfeitin. un!er Articles 163, 166, 168, 16>, 169 an! 186 of the Re(ise! Penal 'o!e, as a en!e!1 %(19) Eiolations of Sections 5 to 6 of Republic Act No. 920>, other#ise +no#n as the Anti,:raffic+in. in Persons Act of 20031 %(20) Eiolations of Sections 8> to 89 of 'hapter 3E, of Presi!ential ?ecree No. 807, other#ise +no#n as the Re(ise! Dorestr" 'o!e of the Philippines, as a en!e!1 %(21) Eiolations of Sections >6 to 106 of 'hapter E3, of Republic Act No. >770, other#ise +no#n as the Philippine Disheries 'o!e of 199>1 %(22) Eiolations of Sections 101 to 108, an! 110 of Republic Act No. 8952, other#ise +no#n as the Philippine Minin. Act of 19971 %(23) Eiolations of Section 28(c), (e), (f), (.) an! (i), of Republic Act No. 9158, other#ise +no#n as the Fil!life Resources 'onser(ation an! Protection Act1 %(25) Eiolation of Section 8(b) of Republic Act No. 9082, other#ise +no#n as the National 'a(es an! 'a(e Resources Mana.e ent Protection Act1 %(27) Eiolation of Republic Act No. 6739, other#ise +no#n as the Anti,'arnappin. Act of 2002, as a en!e!1

%(26) Eiolations of Sections 1, 3 an! 7 of Presi!ential ?ecree No. 1>66, as a en!e!, other#ise +no#n as the !ecree 'o!if"in. the Ga#s on 3lle.al;<nla#ful Possession, Manufacture, ?ealin. 3n, Ac-uisition or ?isposition of Direar s, A unition or 4/plosi(es1 %(28) Eiolation of Presi!ential ?ecree No. 1612, other#ise +no#n as the Anti,Dencin. Ga#1 %(2>) Eiolation of Section 6 of Republic Act No. >052, other#ise +no#n as the Mi.rant For+ers an! 6(erseas Dilipinos Act of 1997, as a en!e! b" Republic Act No. 100221 %(29) Eiolation of Republic Act No. >293, other#ise +no#n as the 3ntellectual Propert" 'o!e of the Philippines1 %(30) Eiolation of Section 5 of Republic Act No. 9997, other#ise +no#n as the Anti, Photo an! Ei!eo Eo"euris Act of 20091 %(31) Eiolation of Section 5 of Republic Act No. 9887, other#ise +no#n as the Anti, 'hil! Porno.raph" Act of 20091 %(32) Eiolations of Sections 7, 8, >, 9, 10(c), (!) an! (e), 11, 12 an! 15 of Republic Act No. 8610, other#ise +no#n as the Special Protection of 'hil!ren A.ainst Abuse, 4/ploitation an! ?iscri ination1 %(33) Drau!ulent practices an! other (iolations un!er Republic Act No. >899, other#ise +no#n as the Securities Re.ulation 'o!e of 20001 an! %(35) Delonies or offenses of a si ilar nature that are punishable un!er the penal la#s of other countries.% Se1tion # Section 3 of the sa e Act shall ha(e ne# para.raphs (*) an! (+). %(*) Precious etals) shall ean .ol!, sil(er, platinu , palla!iu , rho!iu , rutheniu , iri!iu an! os iu . :hese inclu!e allo"s of precious etals, sol!ers an! platin. che icals such as rho!iu an! palla!iu platin. solutions an! potassiu .ol! c"ani!e an! potassiu sil(er c"ani!e an! sil(er c"ani!e in salt solution. %(+) &Precious stones) shall ean !ia on!, rub", e eral!, sapphire, opal, a eth"st, ber"l, topa9, an! .arnet that are use! in *e#elr" a+in., inclu!in. those for erl" classifie! as se i,precious stones.% Se1tion 2 Section 5 of the sa e Act is hereb" a en!e! to rea! as follo#s$ %S4'. 5. Money #aundering $ffense. % Mone" laun!erin. is co itte! b" an" person #ho, +no#in. that an" onetar" instru ent or propert" represents, in(ol(es, or relates to the procee!s of an" unla#ful acti(it"$ %(a) transacts sai! onetar" instru ent or propert"1

%(b) con(erts, transfers, !isposes of, onetar" instru ent or propert"1

o(es, ac-uires, possesses or uses sai!

%(c) conceals or !is.uises the true nature, source, location, !isposition, o(e ent or o#nership of or ri.hts #ith respect to sai! onetar" instru ent or propert"1 %(!) atte pts or conspires to co para.raphs (a), (b) or (c)1 it one" laun!erin. offenses referre! to in

%(e) ai!s, abets, assists in or counsels the co ission of the offenses referre! to in para.raphs (a), (b) or (c) abo(e1 an!

one" laun!erin.

%(f) perfor s or fails to perfor an" act as a result of #hich he facilitates the offense of one" laun!erin. referre! to in para.raphs (a), (b) or (c) abo(e. %Mone" laun!erin. is also co itte! b" an" co(ere! person #ho, +no#in. that a co(ere! or suspicious transaction is re-uire! un!er this Act to be reporte! to the Anti,Mone" Gaun!erin. 'ouncil (AMG'), fails to !o so.% Se1tion % Section 6(a) of the sa e Act is hereb" a en!e! to rea! as follo#s$ %S4'. 6. Prosecution of Money #aundering. H %(a) An" person a" be char.e! #ith an! con(icte! of both the offense of laun!erin. an! the unla#ful acti(it" as herein !efine!. %(b) :he prosecution of an" offense or (iolation un!er this Act shall procee! in!epen!entl" of an" procee!in. relatin. to the unla#ful acti(it".% Se1tion $ Section 8 of the sa e Act is hereb" a en!e! to rea! as follo#s$ %S4'. 8. reation of &nti-Money #aundering ouncil '&M# (. % :he Anti,Mone" Gaun!erin. 'ouncil is hereb" create! an! shall be co pose! of the @o(ernor of the 0an.+o Sentral n. Pilipinas as 'hair an, the 'o issioner of the 3nsurance 'o ission an! the 'hair an of the Securities an! 4/chan.e 'o ission, as e bers. :he AMG' shall act unani ousl" in the !ischar.e of its functions as !efine! hereun!er$ %/ / / %(6) to appl" before the 'ourt of Appeals, e) parte, for the free9in. of an" onetar" instru ent or propert" alle.e! to be laun!ere!, procee!s fro , or instru entalities use! in or inten!e! for use in an" unla#ful acti(it" as !efine! in Section 3(i) hereof1 %/ / / %(12) to re-uire the Gan! Re.istration Authorit" an! all its Re.istries of ?ee!s to sub it to the AMG', reports on all real estate transactions in(ol(in. an a ount in e/cess of Di(e hun!re! thousan! pesos (P700,000.00) #ithin fifteen (17) !a"s fro the !ate of re.istration of the transaction, in a for to be prescribe! b" the AMG'. :he AMG' a" also re-uire the Gan! Re.istration Authorit" an! all its Re.istries of ?ee!s to sub it copies of rele(ant !ocu ents of all real estate transactions.% one"

Se1tion 3 Section 9(c), para.raphs 1 an! 5 of the sa e Act are hereb" a en!e! to rea! as follo#s$ %S4'. 9. Prevention of Money #aundering* Record -eeping. H %(a) / / / %(b) / / / %(c) Reportin. of 'o(ere! an! Suspicious :ransactions. H 'o(ere! persons shall report to the AMG' all co(ere! transactions an! suspicious transactions #ithin fi(e (7) #or+in. !a"s fro occurrence thereof, unless the AMG' prescribes a !ifferent perio! not e/cee!in. fifteen (17) #or+in. !a"s. %Ga#"ers an! accountants actin. as in!epen!ent le.al professionals are not re-uire! to report co(ere! an! suspicious transactions if the rele(ant infor ation #as obtaine! in circu stances #here the" are sub*ect to professional secrec" or le.al professional pri(ile.e. %/ / / %/ / / %Fhen reportin. co(ere! or suspicious transactions to the AMG', co(ere! persons an! their officers an! e plo"ees are prohibite! fro co unicatin., !irectl" or in!irectl", in an" anner or b" an" eans, to an" person or entit", the e!ia, the fact that a co(ere! or suspicious transaction has been reporte! or is about to be reporte!, the contents of the report, or an" other infor ation in relation thereto. Neither a" such reportin. be publishe! or aire! in an" anner or for b" the ass e!ia%, electronic ail, or other si ilar !e(ices. 3n case of (iolation thereof, the concerne! officer an! e plo"ee of the co(ere! person an! e!ia shall be hel! cri inall" liable.% Se1tion 4 Section 10 of the sa e Act, as a en!e! b" Republic Act No. 10168, is hereb" a en!e! to rea! as follo#s$ %S4'. 10. .ree/ing of Monetary +nstru!ent or Property. % <pon a (erifie! e) parte petition b" the AMG' an! after !eter ination that probable cause e/ists that an" onetar" instru ent or propert" is in an" #a" relate! to an unla#ful acti(it" as !efine! in Section 3(i) hereof, the 'ourt of Appeals a" issue a free9e or!er #hich shall be effecti(e i e!iatel", an! #hich shall not e/cee! si/ (6) onths !epen!in. upon the circu stances of the case$ Provided, :hat if there is no case file! a.ainst a person #hose account has been fro9en #ithin the perio! !eter ine! b" the court, the free9e or!er shall be !ee e! ipso facto lifte!$Provided, further, :hat this ne# rule shall not appl" to pen!in. cases in the courts. 3n an" case, the court shoul! act on the petition to free9e #ithin t#ent",four (25) hours fro filin. of the petition. 3f the application is file! a !a" before a non#or+in. !a", the co putation of the t#ent",four (25),hour perio! shall e/clu!e the non#or+in. !a"s. %A person #hose account has been fro9en a" file a otion to lift the free9e or!er an! the court ust resol(e this otion before the e/piration of the free9e or!er. usto!er +dentification Re,uire!ents and

%No court shall issue a te porar" restrainin. or!er or a #rit of in*unction a.ainst an" free9e or!er, e/cept the Supre e 'ourt.% Se1tion , Section 12 of the sa e Act is hereb" a en!e! to rea! as follo#s$ %(a) ivil .orfeiture. H <pon !eter ination b" the AMG' that probable cause e/ists that an" onetar" instru ent or propert" is in an" #a" relate! to an unla#ful acti(it" as !efine! in Section 3(i) or a one" laun!erin. offense un!er Section 5 hereof, the AMG' shall file #ith the appropriate court throu.h the 6ffice of the Solicitor @eneral, a (erifie! e) parte petition for forfeiture, an! the Rules of 'ourt on 'i(il Dorfeiture shall appl". %:he forfeiture shall inclu!e those other onetar" instru ent or propert" ha(in. an e-ui(alent (alue to that of the onetar" instru ent or propert" foun! to be relate! in an" #a" to an unla#ful acti(it" or a one" laun!erin. offense, #hen #ith !ue !ili.ence, the for er cannot be locate!, or it has been substantiall" altere!, !estro"e!, !i inishe! in (alue or other#ise ren!ere! #orthless b" an" act or o ission, or it has been conceale!, re o(e!, con(erte!, or other#ise transferre!, or it is locate! outsi!e the Philippines or has been place! or brou.ht outsi!e the *uris!iction of the court, or it has been co in.le! #ith other onetar" instru ent or propert" belon.in. to either the offen!er hi self or a thir! person or entit", thereb" ren!erin. the sa e !ifficult to i!entif" or be se.re.ate! for purposes of forfeiture. %(b) lai! on .orfeited &ssets. H Fhere the court has issue! an or!er of forfeiture of the onetar" instru ent or propert" in a cri inal prosecution for an" one" laun!erin. offense !efine! un!er Section 5 of this Act, the offen!er or an" other person clai in. an interest therein a" appl", b" (erifie! petition, for a !eclaration that the sa e le.iti atel" belon.s to hi an! for se.re.ation or e/clusion of the onetar" instru ent or propert" correspon!in. thereto. :he (erifie! petition shall be file! #ith the court #hich ren!ere! the *u!. ent of forfeiture, #ithin fifteen (17) !a"s fro the !ate of the finalit" of the or!er of forfeiture, in !efault of #hich the sai! or!er shall beco e final an! e/ecutor. :his pro(ision shall appl" in both ci(il an! cri inal forfeiture. %(c) Pay!ent in #ieu of .orfeiture. % Fhere the court has issue! an or!er of forfeiture of the onetar" instru ent or propert" sub*ect of a one" laun!erin. offense !efine! un!er Section 5, an! sai! or!er cannot be enforce! because an" particular onetar" instru ent or propert" cannot, #ith !ue !ili.ence, be locate!, or it has been substantiall" altere!, !estro"e!, !i inishe! in (alue or other#ise ren!ere! #orthless b" an" act or o ission, !irectl" or in!irectl", attributable to the offen!er, or it has been conceale!, re o(e!, con(erte!, or other#ise transferre! to pre(ent the sa e fro bein. foun! or to a(oi! forfeiture thereof, or it is locate! outsi!e the Philippines or has been place! or brou.ht outsi!e the *uris!iction of the court, or it has been co in.le! #ith other onetar" instru ents or propert" belon.in. to either the offen!er hi self or a thir! person or entit", thereb" ren!erin. the sa e !ifficult to i!entif" or be se.re.ate! for purposes of forfeiture, the court a", instea! of enforcin. the or!er of forfeiture of the onetar" instru ent or propert" or part thereof or interest therein, accor!in.l" or!er the con(icte! offen!er to pa" an a ount e-ual to the (alue of sai! onetar" instru ent or propert". :his pro(ision shall appl" in both ci(il an! cri inal forfeiture.% Se1tion !" Section 15 of the sa e Act, as a en!e!, is hereb" further a en!e! to rea! as follo#s$ %S4'. 15. Penal Provisions. % (a) Penalties for the 'ri e of Mone" Gaun!erin.. :he penalt" of i prison ent ran.in. fro se(en (8) to fourteen (15) "ears an! a fine of not less than

:hree illion Philippine pesos (Php3,000,000.00) but not ore than t#ice the (alue of the onetar" instru ent or propert" in(ol(e! in the offense, shall be i pose! upon a person con(icte! un!er Section 5(a), (b), (c) an! (!) of this Act. %:he penalt" of i prison ent fro four (5) to se(en (8) "ears an! a fine of not less than 6ne illion fi(e hun!re! thousan! Philippine pesos (Php1,700,000.00) but not ore than :hree illion Philippine pesos (Php3,000,000.00), shall be i pose! upon a person con(icte! un!er Section 5(e) an! (f) of this Act. %:he penalt" of i prison ent fro si/ (6) onths to four (5) "ears or a fine of not less than 6ne hun!re! thousan! Philippine pesos (Php100,000.00) but not ore than Di(e hun!re! thousan! Philippine pesos (Php700,000.00), or both, shall be i pose! on a person con(icte! un!er the last para.raph of Section 5 of this Act. %(b) / / / %(c) / / / %(!) / / / %(e) :he penalt" of i prison ent ran.in. fro four (5) to se(en (8) "ears an! a fine correspon!in. to not ore than t#o hun!re! percent (200I) of the (alue of the onetar" instru ent or propert" laun!ere! shall be i pose! upon the co(ere! person, its !irectors, officers or pesonnel #ho +no#in.l" participate! in the co ission of the cri e of one" laun!erin.. %(f) 3 position of A! inistrati(e Sanctions. :he i position of the a! inistrati(e sanctions shall be #ithout pre*u!ice to the filin. of cri inal char.es a.ainst the persons responsible for the (iolation. %After !ue notice an! hearin., the AMG' shall, at its !iscretion, i pose sanctions, inclu!in. onetar" penalties, #arnin. or repri an!, upon an" co(ere! person, its !irectors, officers, e plo"ees or an" other person for the (iolation of this Act, its i ple entin. rules an! re.ulations, or for failure or refusal to co pl" #ith AMG' or!ers, resolutions an! other issuances. Such onetar" penalties shall be in a ounts as a" be !eter ine! b" the AMG' to be appropriate, #hich shall not be ore than Di(e hun!re! thousan! Philippine pesos (P700,000.00) per (iolation.
01wphi0

%:he AMG' a" pro ul.ate rules on fines an! penalties ta+in. into consi!eration the atten!ant circu stances, such as the nature an! .ra(it" of the (iolation or irre.ularit". %(.) :he pro(ision of this la# shall not be construe! or i ple ente! in a anner that #ill !iscri inate a.ainst certain custo er t"pes, such as politicall",e/pose! persons, as #ell as their relati(es, or a.ainst a certain reli.ion, race or ethnic ori.in, or such other attributes or profiles #hen use! as the onl" basis to !en" these persons access to the ser(ices pro(i!e! b" the co(ere! persons. Fhene(er a ban+, or -uasi,ban+, financial institution or #hene(er an" person or entit" co its sai! !iscri inator" act, the person or persons responsible for such (iolation shall be sub*ect to sanctions as a" be !ee e! appropriate b" their respecti(e re.ulators.%

Se1tion !! Ne# sections are hereb" inserte! after Section 19 of the sa e Act, as a en!e!, to rea! as follo#s$ %S4'. 20. 2on-intervention in the Bureau of +nternal Revenue 'B+R( $perations. % Nothin. containe! in this Act nor in relate! antece!ent la#s or e/istin. a.ree ents shall be construe! to allo# the AMG' to participate in an" anner in the operations of the 03R.% %S4'. 21. :he authorit" to in-uire into or e/a ine the ain account an! the relate! accounts shall co pl" #ith the re-uire ents of Article 333, Sections 2 an! 3 of the 19>8 'onstitution, #hich are hereb" incorporate! b" reference. Gi+e#ise, the constitutional in*unction a.ainst e) post facto la#s an! bills of attain!er shall be respecte! in the i ple entation of this Act.% Se1tion !/ :he succee!in. sections are hereb" renu bere! accor!in.l". Se1tion !# Separability lause. H 3f an" pro(ision of this Act is !eclare! unconstitutional, the sa e shall not affect the (ali!it" an! effecti(it" of the other pro(isions hereof. Se1tion !2 Repealing lause. % All la#s, !ecrees, or!ers, an! issuances or portions thereof, #hich are inconsistent #ith the pro(isions of this Act, are hereb" repeale!, a en!e! or o!ifie! accor!in.l". Se1tion !% 3ffectivity. H :his Act shall ta+e effect fifteen (17) !a"s follo#in. its publication in at least t#o (2) national ne#spapers of .eneral circulation. Appro(e!,

(S.!.) 5UAN PONCE ENRILE Presi!ent of the Senate

(S.!.) FELICIANO BEL'ONTE 5R Spea+er of the Aouse of Representati(es

:his Act #hich is a consoli!ation of Aouse 0ill No. 6767 an! Senate 0ill No. 3123 #as finall" passe! b" the Aouse of Representati(es an! the Seriate on Debruar" 6, 2013.

(S.!.) E''A LIRIO&RE(ES Secretar" of Senate

(S.!.) 'ARIL(N B BARUA&(AP Secretar" @eneral Aouse of Representati(es

Appro(e!$ D40 17 2013 6Sgd 7 BENIGNO S A8UINO III President of the Philippines