Valid Identification Cards (IDs) for Financial Transactions
CIRCULAR NO. 657 Series of 2009
Subject : Valid Identification Cards (IDs) for Financial Transactions
Pursuant to Monetary Board Resolution No. 827 dated 04 June 2009, item "a" of Circular No. 564 dated 03 April 2007, as amended by Circular No. 608 dated 20 May 2008 is hereby further amended to read as follows:
"a) Clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a clear copy of at least one (1) valid photo-bearing identification document issued by an official authority. For this purpose, the term "official authority" shall refer to any of the following: (i) Government of the Republic of the Philippines; (ii) its political subdivisions and instrumentalities; (iii) government-owned and/or controlled corporations (GOCCs); (iv) private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas (BSP) or Securities and Exchange Commission (SEC) or Insurance Commission (IC). Valid IDs include the following:
x x x
"PASSPORTS ISSUED BY FOREIGN GOVERNMENTS SHALL ALSO BE CONSIDERED VALID IDENTIFICATION DOCUMENTS."
This Circular shall take effect fifteen (15) days following its publication in the Official Gazette or newspaper of general circulation.
FOR THE MONETARY BOARD:
DIWA C. GUINIGUNDO Officer-in-charge
同类文件 BSP Circulars
- Specific duties and responsibilities of the board of directors(BSP Circular No. 456)
- Sales and Marketing Guidelines for Financial Products(BSP Circular No. 891)
- Circular on Public and/or Publicly-Guaranteed Foreign Loan Agreement and Other Agreements which Give Rise to a Foreign/Foreign Currency Obligation of the Public Sector(BSP Circular No. 909)
- Amendments to the Guidelines on the Computation of Minimum Required Capital and Risk-Based Capital Adequacy Ratio(BSP Circular No. 1142)
- Valid Identification Cards for Financial Transactions(BSP Circular No. 792)
- To require banks/NBFIs to take necessary measures to establish and record the true identity of their clients(BSP Circular No. 258)
- Interest Rate on Foreign Currency Deposit of TBs, DBP and Associated Bank with the Central Bank in Compliance with the 15% Reserve Requirement for Foreign Currency Deposit Liabilities(BSP Circular No. 1324)
- Grant of authority to engage in limited trust business to thrift banks and rural banks(BSP Circular No. 583)
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