August 13, 2008

Only 1 ID Needed : Valid Identification Cards (IDs) for Financial Transactions

Date Issued: 05.20.2008

Number: 608


CIRCULAR NO. 608
Series of 2008


Subject : Valid Identification Cards (IDs) for Financial Transactions

Pursuant to Monetary Board Resolution No. 553 dated 8 May 2008, the provisions of Circular No. 564 dated 3 April 2007 on the guidelines governing the acceptance of valid identification cards for all types of financial transactions by banks and non-banks financial institutions under BSP supervision, including financial transactions involving overseas Filipino workers (OFWs), in order to promote access of Filipinos to services offered by formal financial institutions, particularly those residing in the remote areas, as well as to encourage and facilitate remittances of OFWs through the banking system, are hereby 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); AND (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:

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Barangay Certification
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) Card
  • Senior Citizen Card
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration/Immigrant Certificate of Registration
  • Government Office and GOCC ID, e.g. Armed forces of the Philippines (AFP ID), Home Development Mutual Fund (HDMF ID)
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • INTEGRATED BAR OF THE PHILIPPINES ID
  • COMPANY IDs ISSUED BY PRIVATE ENTITIES OR INSTITUTIONS REGISTERED WITH OR SUPERVISED OR REGULATED EITHER BY THE BSP, SEC OR IC

b) Students who are beneficiaries of REMITTANCES/FUND TRANSFERS who are not yet of voting age may be allowed to present THE ORIGINAL AND SUBMIT A CLEAR COPY OF ONE (1) VALID photo-bearing school ID duly signed by the principal or head of the school.

c) Banks and non-bank financial institutions under BSP supervision shall require their clients to submit clear copy of the ONE (1) valid ID on a one-time basis only, or at the commencement of a business relationship. They shall require their clients to submit an updated photo and other relevant information whenever the need for it arises.

THE FOREGOING SHALL BE IN ADDITION TO THE CUSTOMER IDENTIFICATION REQUIREMENTS UNDER RULE 9.1.C OF THE REVISED IMPLEMENTING RULES AND REGULATIONS (RIRRS) OF R.A. NO. 9160, OTHERWISE KNOWN AS THE “ANTI-MONEY LAUNDERING ACT OF 2001”, AS AMENDED.

For purposes of this Circular, financial transactions may include remittances, among others, as falling under the definition of transaction. Under the Anti-Money Laundering Act of 2001, as amended, a financial transaction is “any act establishing any right or obligation or giving rise to any contractual or legal relationship between the parties thereto. It also includes any movement of funds by any means with a covered institution.”

This Circular shall take effect fifteen (15) days following its publication either in the Official Gazette or in a newspaper of general circulation.

FOR THE MONETARY BOARD:

AMANDO M. TETANGCO, JR.
Governor


Source : http://www.bsp.gov.ph/regulations/regulations.asp?type=1&id=2059



August 12, 2008

ISPORTS, BAHAGI NG SUSI SA KAUNLARAN


Naninindigan si Provincial Administrator Dennis “DSL” S. Lazaro

na lubhang mahalaga ang isports o palakasan sa isang lipunan, sapagka’t ito ang daan upang ang tao ay makintalan ng tamang pagpapahalaga ng pagiging maginoo, bukod pa sa pagkakaroon ng kasanayan upang sa pagkilos ay laging magkaugnay ang katawan at ang isip na nakatutugon sa tinatanggap na alituntunin at pamantayan ng lipunan na malaki ang naitutulong na magtagumpay maging sa mga gawaing panghanapbuhay.

Naniniwala si DSL na isang pangangailangan ang isport sa kaunlaran ng pamayanan, at ikasisigla ng lipunan. Pinatutunayan ng kasaysayan na noong mga unang panahon, tulad sa Gresya, ang isport ay mahalagang palatuntunan upang ang mga kabataan ay maging produktibo, at masanay na may malasakit sa kapakanan at kagalingan ng kanilang kahariang-lunsod. Ang mga palaro ay isa ring paraan ng kanilang pagpupuri o pagsamba sa mga hindi nakikitang pinaniniwalaang makapangyarihan.

Dahil sa paniniwala ni DSL na ang isports o palakasan ay bahagi ng susi sa kaunlaran, ang pagpapasigla sa lahat ng uri ng larong nilalaro sa mga palarong itinataguyod ng pamahalaan ay nakatadhana sa mga development agenda ni Gobernadora Teresita S. Lazaro na ipinatutupad ng Laguna Sports and Games Development Office na ang implementasyon ay ginagabayan ng Development Strategy for Laguna (DSL) na kanyang binalangkas upang “Dagliang Sulirani’y Lutasan (DSL).” (Ben Taningco)

August 11, 2008

PDG Calo Calora, GUEST AT RC SILANGAN INDUCTION RITES


Rotarian Rosauro “Orie” H. Suarez is happy to announce that Dr. Feliciano B. Calora will be the principal guest and main speaker during his formal induction as 33rd President of the Rotary Club of Silangang San Pablo this coming Saturday, August 16, 2008 at the Mega Star Disco, Videoke Bar and Restaurant along Maharlika Highway in Barangay San Francisco which is expected to be attended by Rotarians representing clubs both in Southern Tagalog Provinces and in Bicolandia.


Dr. Calora is a member of Class 1955 at the University of the Philippines at Los Baños, who completed his post graduate studies in the field of entomology or study on the effect of insects in agriculture in 1962, at the famous Cornell University based in Ithaca, New York. Chosen as one of the Ten Most Oustanding Young Men (TOYM) by the Philippine Jaycees, Inc. in 1967, he is a retired professor at the UP College of Agriculture, and a former executive of American Cyamid Company, and presently a member of the governing body of the Philippine Council for Agriculture, Forestry and Natural Resouces Reseach and Development (PCARRD), and a recipient of the UP Vanguard Oblation Award he being a reserved officer of the Armed Forces of the Philippines.


Married to former Delia Almario Galvez, a San Pableña, and a resident of Los Baños, Rotarian Calo is a member of the Rotary Club of Los Baños, and a Past District Governor of Rotary International District 3820. Incidentally, they celebrated their 50th Wedding Anniversary last July 26, 2008. (Ben Taningco)

ANG BAGONG HENERASYON


Kinakatawan nina City Administrator Loreto “Amben” S. Amante at SK Federation President and Ex-Officio City Councilor Kristine Ann “Tintin” A. Picazo ang mga bagong sibol na lingkod bayansa Lunsod ng San Pablo na sa tuwina’y umaalalay at tumutulong sa kanilang mga kababayan o constituent. Si Amben ay bunsong anak ni City Mayor Vicente B. Amante , samantalang si Tintin ay panganay na apo naman ng punonglunsod. (SANDY BELARMINO)


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