SEC Company Registration
Electronic Simplified Processing of Application for Registration of Company (eSPARC) The Securities and Exchange Commission beginning April 19, 2021, will implement a new system of registering One Person Corporation (OPC), Corporation with only less than five (5) incorporators, Regular Domestic and Foreign-Owned Stock and Non-Stock Corporation using the eSPARC or the electronic Simplified Processing of […]
Amendment to the Anti-Money Laundering Act
Amendment to the Anti-Money Laundering Act With the recent passage of the R.A. 11521, the coverages of the law as to the persons and activities subject to the constant monitoring and examination by the AMLAC or the Anti-Money Laundering Counsel has been expanded. The law was signed on January 29, 2021 “Saving Grace” According to […]
List of Investment Scams in the Philippines
List of Investment Scams in the Philippines Ponzi Schemes This type of fraud is named after its creator—“Charles Ponzi” of Boston, Massachusetts In the early 1900s, Ponzi launched a scheme that guaranteed investors a 50 percent return on their investment in postal coupons. Although he was able to pay his initial backers, the scheme dissolved […]
Permit to carry
Permit to Carry Firearms Outside of Residence (PTCFOR) in the Philippines In the Philippines, the right to own and carry a firearm is a privilege regulated strictly by law. Under Republic Act No. 10591, also known as the Comprehensive Firearms and Ammunition Regulation Act, firearm ownership and use are closely monitored by the Philippine National […]