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Last July 1, 2020 the Monetary Board approved the adoption of the SUPERVISORY ASSESSMENT FRAMEWORK (SAFr) which replaced various rating systems employed by BSP (e.g. CAMELS, and ROCA). This risk-based supervisory framework aims to facilitate robust, dynamic and forward looking assessment of all BSP supervised institutions including MSBs.
Who Should Attend:
This workshop is beneficial to Board of Directors, Senior Managers, Compliance, Risk and Audit Officers and team members of MSBs.
Get to know:
- Principles and concepts of SAFr and how it will impact the conduct of examinations (audits) of BSP
- Elements of SAFr and its impact on MSBs compliance program
- Supervisory activities under SAFr
- What changes you may need to adopt based on this supervisory assessment framework
Agenda
Speakers
Florabelle Santos-Madrid
Director, Financial System Integrity Department of Bangko Sentral ng Pilipinas
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Mary Aileen Padilla
Financial System Integrity Department at Bangko Sentral ng Pilipinas
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Florabelle
Santos-Madrid
Director, Financial System Integrity Department of Bangko Sentral ng Pilipinas
Florabelle or Lovie heads the BSP’s Financial System Integrity Department (FSID), the unit tasked to check compliance of banks and other BSP-supervised financial institutions with the Philippines’ anti-money laundering (AML) and counter terrorism financing (CFT) laws, rules and regulations and assess their overall money laundering (ML) and terrorism financing (TF) prevention framework. The FSID also crafts AML/CFT regulations of the BSP and continuously enhances its risk-based supervisory approach for AML/CFT.
Lovie has more than 20 years of banking supervision experience. She conducts AML/CFT training sessions in the Bangko Sentral and the Philippine banking sector as part of skills enhancement and capacity building efforts, aligned with the country’s continuous fight against money laundering, terrorist financing and proliferation financing.
Lovie holds a Master of Business Administration degree, is a Certified Anti-Money Laundering Specialist (CAMS), a Certified Public Accountant and a Lawyer.
Mary Aileen
Padilla
Financial System Integrity Department at Bangko Sentral ng Pilipinas
Is a Certified Public Accountant and have been with the BSP since 2009. She is currently a Bank Officer V. Prior to joining BSP, she was an external auditor in KPMG Philippines. She’s a graduate of BS Accountancy in Saint Louis University in Baguio City. Aileen is a Certified Anti-Money Laundering Specialist (CAMS).
As an examiner, she handles rural banks, thrift banks, commercial and universal banks as well as non-bank financial institutions including remittance companies. Since 2015, she is part of the pool of speakers who conducts internal BSP trainings for BSP examiners. For external trainings and seminars, she conducts trainings on Circular 1022 and the Updated AML Rules and Regulations sponsored by RBAP, Chamber of Thrift Banks, Bankers Association of the Philippines or BAIPHIL and Association of Bank Compliance Officers (ABCOM) including the Corporate Governance Course in De Lasalle University.
