BSP eases ID requirements for select bank transactions amid ECQ

Robie de Guzman   •   April 1, 2020   •   603

BANGKO SENTRAL

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) on Wednesday said it has relaxed the requirement for the presentation of a valid identification document (ID) for customer boarding and select transactions during the enhanced community quarantine period in Luzon.

In a statement, the BSP said this is to facilitate the delivery of welfare funds to identified beneficiaries who have no available valid IDs or transactional account with any financial institutions.

“The Bangko Sentral relaxed the Know Your Customer (KYC) requirements since the accounts involved are considered as low risk,” it said.

The policy is effective until June 30, 2020, the central bank said.

Under the relaxed KYC requirements, the BSP said it has introduced the following control measures to guard against money laundering and terrorism financing risks:

  • the transactions in the account shall not exceed P50,000.00 per day;
  • qualified customers are those who reside or conduct business in the area which has been declared to be under ECQ/CQ;
  • customers are required to certify that he/she has no valid ID; and
  • the customer’s account activities shall be subject to ongoing monitoring.

“Financial institutions are expected to obtain the required minimum information from the customer and perform risk-based customer due diligence,” the central bank said.

“The relaxed KYC requirements apply to both over the counter and electronic or online transactions,” it added.

The BSP said the move is part of its initiatives to ensure that Filipinos have continuous access to basic government and financial services amid the COVID-19 situation.

Metro Manila to likely transition to GCQ after May 31 —Palace

Aileen Cerrudo   •   May 28, 2020

Metro Manila has a possibility to transition to General Community Quarantine (GCQ) from Modified Enhanced Community Quarantine (MECQ) after May 31, according to the Malacañang.

Presidential Spokesperson Harry Roque said there is a chance that the coronavirus disease (COVID-19) restrictions might ease in Metro Manila and other parts of the country.

The Inter-Agency Task Force on the Management of Emerging Infectious Diseases (IATF-MEID) held a meeting on Wednesday (May 27) to determine if the MECQ should continue after May 31.

“Chances are we will, in fact, be transitioning to GCQ in Metro Manila, according to the chief implementer and the DILG [Department of the Interior and Local Government] Secretary,” Roque said in a statement.

The Metro Manila Council (MMC) is also recommending to the IATF to put the National Capital Region under GCQ.

Once Metro Manila transitioned to GCQ, Roque said public transportation will resume operations but will have limited capacity.

He also appealed to the private and public sectors to finalize their work scheme where 50% will resume in worksites and 50% will work from home.

“We are appealing to both private and public sectors to ensure at least 50-50 workforce,” he said. –AAC (with reports from Rosalie Coz)

ECQ areas might downgrade to GCQ by June —DILG

Aileen Cerrudo   •   May 26, 2020

Areas under Enhanced Community Quarantine (ECQ) might be put under General Community Quarantine by June, according to the Deparment of the Interior and Local Government (DILG).

In a virtual press briefing on Tuesday (May 26), DILG Secretary Eduardo Año said they are looking into implementin lockdowns in specific areas with high coronavirus disease (COVID-19) cases.

“Kahit iyan ay naka-GCQ, pwede pa rin mag-declare ang mga local chief executive ng critical areas. Ito iyong mga lugar na mayroong 20 or plus na cases, (Even if [the area] is under GCQ, local chief executives can still declare critical areas. These are areas with 20 or plus cases)” he said.

There will also be lesser number of checkpoints by June, the DILG secretary added. From checkpoints situated in every boundaries of cities, it will be limited to specific areas.

“Mayroon tayong tinatawag na modified checkpoints para hindi na masyadong magbuhol-buhol ang trapiko, (We have something that we call modified checkpoints to ease the traffic)” Año said. AAC (with reports from Joan Nano)

President Duterte goes home to Davao as Metro Manila eases lockdown restrictions

Maris Federez   •   May 16, 2020

MANILA, Philippines — Malacañang has confirmed that President Rodrigo Duterte returned to his hometown of Davao City on Saturday.

This, as Metro Manila eases from the COVID-19 lockdown after it was shifted into a modified enhanced community quarantine (MECQ).

It is the first time that the President has returned home since he ordered the implementation of a lockdown in March which suspended transportation and restricted the public’s movement in Luzon.

Presidential Security Group chief Col. Jesus Durante III, in an interview, also confirmed that President Duterte took the flight at past midnight, arriving in Davao City early Saturday.

“He is in Davao after more than 2 months of not being able to see his family,” Durante said.

Durante assured that the chief executive will join the Inter-Agency Task Force on the Management of Emerging Infectious Diseases (IATF-MEID) meeting next week. — /mbmf

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