November 28, 2013

Time to be prudent

If there is one message the onslaught of super typhoon Yolanda has so savagely delivered to numerous businesses in the country, it’s that the debilitating impact of natural calamities has been increasingly harder to predict, much less prepare for. Climate change has rewritten the rules of Mother Nature. What used to be regarded as “un-floodable” …

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BSP Memorandum No. M-2013-052: Temporary Relaxation of Implementation of Know Your Customer (KYC) Requirement – Non-Presentation of Identification Document in Processing Transactions of Victims of Super Typhoon Yolanda

The Monetary Board, in its Resolution No. 1959 dated 21 November 2013 approved to temporarily waive the presentation of official Identification Document (IDs) in processing transactions of victims of Super Typhoon Yolanda. For further details, please visit: To download a copy of the Memo, please click this link: BSP Memorandum No. M-2013-052