AMLC Resolution No. 70, s. 2010

August 3, 2010 AMLC RESOLUTION NO. 70, S. 2010 Based on the investigation conducted by the AMLC Secretariat, a series of attempted and successful negotiations involving spurious or altered checks had been committed by a person purporting to be "Ernesto R. Santos", "Rolando S. Santos", or "Leo Santos Reyes". In opening accounts, the said person would use fake identification documents such as driver's license, Senior Citizen ID, Postal ID, Voter's ID and SSS ID. He would declare different dates of birth (14 December 1942; 18 November 1939; 10 February 1942) and use different home addresses (1547 Prudencio St., Sampaloc, Manila; 1477 Prudencio St., Sampaloc, Manila) with different banks. The photographs attached to the IDs and the specimen signatures given by Ernesto R. Santos, Rolando S. Santos, and Leo Santos Reyes are identical. In order to prevent further proliferation of fraudulent activities using spurious or altered checks by the person purporting to be Ernesto R. Santos, Rolando S. Santos, and/or Leo Santos Reyes, and to avoid similar abuse of the banking services, the Council, pursuant to Section 7 (7) of the R.A. 9160, as amended, resolved to: 1. Advise all covered institutions under the jurisdiction of the Bangko Sentral ng Pilipinas to be wary or cautious in dealing with a person purporting to be Ernesto R. Santos, Leo S. Reyes and/or Rolando S. Santos and furnish them with copies of the photographs and identification cards used by the said person in opening deposit accounts with the banks. aACEID 2. Urge all banks to take extra due diligence in verifying prospective clients' identification documents in the light of the proliferation of fake IDs such as the ones used by the aforesaid person; and 3. Request the Bangko Sentral ng Pilipinas to disseminate copies of this Resolution to all banks/covered institutions under its jurisdiction. August 3, 2010, Manila, Philippines. (SGD.) AMANDO M. TETANGCO, JR. Chairman (Governor, Bangko Sentral ng Pilipinas) (SGD.) FE B. BARIN Member (Chairman, Securities and Exchange Commission) (SGD.) VIDA T. CHIONG Acting Member (Officer-in-Charge, Insurance Commission)