This is the text of the warning notice, verbatim.
Swindlers, falsely engaging in real estate business, buy parcels of land from innocent landowners or offer them alleged real estate investment opportunities. The swindlers tell landowners that they need to register individually with the AMLC, as a condition to receive the payments for their lands or to be able to join as real estate investors. The swindlers will register their victims with the AMLC and charge each of them Php50,000 for registration fees. The swindlers make it appear that they have close connection with an official of the AMLC who facilitates their transactions.

The swindlers also demand payments for the supposed registration with the AMLC of their “purchase agreements” and for Documentary Stamp Tax (DST). They demand more fees from landowners who, although they may have already paid so much to the swindlers but are not getting anything from the latter, may continue believing upon the swindlers’ words and would still pay all their additional demands. The victims may only finally realize the deception after falling deep into it.

As consistently reiterated by the AMLC, there is absolutely no fee for the online registration of covered persons (CPs) and for the issuance of certificates of registration and that registration with the AMLC is only for CPs which landowners are not. There is no requirement for landowners, or for whatever contracts related to their properties, to be registered with the AMLC. The AMLC warns the public not to be fooled by the words and promises of these swindlers.

The public is hereby advised to immediately report incidents of the above-mentioned type of swindling to the Executive Director, AMLC Secretariat. See http://www.amlc.gov.ph/