REVENUE MEMORANDUM CIRCULAR NO. 86-2025 issued on September 29, 2025 circularizes Memorandum Circular No. 37, titled, “Directing the Urgent Implementation of the National Anti-Money Laundering, Counter-Terrorism Financing and Counter-Proliferation Financing Strategy 2023-2027, and Enjoining All Concerned Agencies to Fully Support and Actively Participate in the Conduct of Money Laundering/Terrorism Financing National Risk Assessment”.