BlockShoals registered with Philippine AMLC under anti-money laundering law

Sandbox and CASP status

The company said it operates as a Crypto-Asset Intermediary under the Securities and Exchange Commission’s Strategic Regulatory Sandbox, also known as StratBox. Its participation is being carried out under SEC Memorandum Circular No. 9, Series of 2024, and alongside the SEC Rules on Crypto-Asset Service Providers under Memorandum Circular No. 4, Series of 2025.

According to the company, the SEC issued its Notice to Proceed with Testing on April 14, 2026. That places BlockShoals within the framework governing crypto-asset service providers, or CASPs, including intermediaries that offer crypto-related services.

AMLC registration confirmed

BlockShoals said the AMLC issued its Certificate of Registration on June 18, 2026. The registration means the company is recognized as a covered person under the AMLA, as amended.

The company emphasized that the registration is held in its own name. It said its covered-person status comes directly from its classification as a CASP under the SEC rules, rather than through any partner or affiliated company.

Why the designation matters

Under the CASP Rules cited by BlockShoals, all CASPs must comply with the Anti-Money Laundering Act, its implementing rules and regulations, and SEC requirements covering anti-money laundering, counter-terrorism financing, and counter-proliferation financing.

The article points specifically to Section 8.1 of the CASP Rules, which states that CASPs are considered covered persons under the AMLA and are subject to AML, CTF, and CPF supervision and monitoring by both the SEC and the AMLC.

For BlockShoals, that means its activities as a crypto-asset intermediary fall under the compliance obligations attached to that status. The company said those obligations include customer due diligence, transaction monitoring, recordkeeping, and the timely filing of covered and suspicious transaction reports.

Compliance commitments

In its statement, BlockShoals said it accepts the ongoing responsibilities that come with AMLC registration and welcomed continued oversight from the SEC and the AMLC. The company also described the registration as part of its effort to operate within the regulatory standards applicable to crypto-asset service providers in the Philippines.

The announcement does not describe any change to the underlying SEC sandbox process, but it does set out how BlockShoals’ current operating status under StratBox connects to the country’s anti-money laundering regime for crypto service providers.

More broadly, the development highlights how the Philippines is applying its newer CASP framework to firms in the crypto sector by linking sandbox participation and crypto-asset services to direct AMLA coverage and supervision.