Friday 5th of April 2013

http://www.pia.gov.ph/news/index.php?article=311365128715

SAN FERNANDO CITY, Apr 5 (PIA) -- Operators of pawnshops, money changers and remittance centers are also required to observe the provisions on the Anti-Money Laundering Act or Amla before they are given the clearance to operate their businesses.

The Bangko Sentral ng Pilipinas (BSP) said business operators, directors, officers and their employees are required to undergo a two-day seminar that will also cover other rules and regulations governing pawnshops, brokering business, money changers and remittance agents.

Beta Cervantes, acting BSP director for La Union, said operators will not be issued authority to operate, certificate and acknowledge of registration without undergoing the seminar.

“The seminar will update operators and their employees of their duties, innovations on the pawnshop business and other rules governing their business operations,” she said.

She said the seminar is open to all stockholders, proprietors, directors, officers and employees directly involved in the operations of pawnshop, foreign exchange dealer or money changer and remittance agents from La Union and nearby provinces.

Interested parties are invited to pre-register or enroll at the BSP head office or at the nearest BSP regional branch office week prior to the scheduled seminar on April 25 and 26.

The BSP said registrations made after the set deadline shall no longer be considered while walk-in applicants will not be entertained.

A registration fee of P500 will be collected if the participant will be attending the two-day briefing on and P300 for those who will only be attending for a day.

For further details and reservations, please contact the BSP Integrated Supervision Department at telephone numbers: (02) 400-7026; 708-7298 or the trunkline numbers at (02)- 7087701 locals 2613 to 14 and 2690 or the BSP La Union Regional Office at telephone number (072) 888-2083.

Applicants are also advised to observe proper attire during the seminar proper. (PIA1 La Union with data from BSP-LU)