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Passport to Identity: The Various Documents Required for Identification
In a bid to combat money laundering and terrorist financing, the government has put in place strict regulations on identification documents. These regulations are designed to prevent the misuse of funds and transactions, as well as identify potential risks and vulnerabilities in the financial system.
Types of Identification Documents Accepted
The following are some of the most common types of identification documents accepted by financial institutions and other organizations:
For Filipino Citizens
- Passport
- Alien Certificate of Registration (ACR)
- Other identification documents issued by the Government of the Republic of the Philippines, including its political subdivisions, agencies, and instrumentalities
For Filipino Students
- PhilID
- School ID signed by the school principal or head of the educational institution
- Birth Certificate issued by the Philippine Statistics Authority
For low-risk customers, any document that can establish their identity is sufficient.
Definitions
The regulations also define various terms related to identification information and personal data. These include:
Identification Information/Personal Information
Demographic data and biometric information of a natural person or information about a juridical person or legal arrangement.
Immediate Family Member
Individuals related to the Philippine Executive Powers (PEP) within the second degree of consanguinity or affinity.
Independent Legal/Accounting Professional
Lawyers/accountants working in a private firm or as a sole practitioner who provide purely legal or accounting services to their clients.
Information and Communication Technology (ICT)
Electronic means to access, create, collect, store, process, receive, transmit, present, and disseminate information.
Instrumentality
Any monetary instrument or property used to finance, operate, and/or maintain an unlawful activity.
What’s Next?
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