AMLC Resolution No. 425 dated 11 October 2004 for dissemination to the public

3anak EntraL ng inas

SUPERVISION AND EXAMINATION SECTOR OFFICE OF tHE DEPUTY GOVERNOR

CIRCULAR LETTER

TO Institutions under BSP Supervision All Banks and Non-Bank Financia!

of Anti-Money Laundering Council (AMLC) Resolution Np. 425 dated 11 October 2oo4 requesting the republication of an earlier warnirg issued by the AMLc We attach for dissemination to the public, especially to your clients, copy

regarding text scam which continues to proliferate despite earlier warnings issued by the Council.

respective offices and/or branches. Kindly post subject resolution in the most conspicuous places in your

Thank you for your cooperation.

ALBERTO V.REXES Deputy Gov&hor

2004

Att: AS

MAG-IMPOK SA BANGKO

MAYNILA, PILIPINAS 1004 . Tel No. 524-70-11 trunktine - URL: www.bsp.go-r.ph - e-mail: [email protected]

Anti-Money Laundering Council Bangko Sentral ng Pilipinas Complex Man:ta, Ph{ppines

RESOLUTION NO. "25

print ard the broadcast media, text scam incidents continte to profiferate; Whereas, despite appronriate warnings made by tnis Council both in the

forfeited; usually walk-in clients who make iater-branch cash deoosits to certain bank accounts designated by ihe perpetrators of the scam, with strict instruction given to the innocent victim to keep the matter secret or his alleged prize would be Whereas, it has been noted that the prospective victims of the scam are

newspapers in each region; information campaign, for which the AMLC Secretariat recommends the republication, of the earlier AMLC text scam warning, preferably, in the local Whereas, one way of preventing text scam is through a sustained public

public attention and/or awareness of this type of deceit. warning in the most conspicuous piaces in the offices or branches of all covered institulions and in other public places, with the view tc easily catching wider Whereas, the Secretariat also recommends the ppsting of the aforesaid

Wherefore, this Council resolves, as it is hereby resolved, to:

authorize the publication anew of the AMLC warning on text scam as recommended by the AMLC Secretariat:

2 circularize, thru the Supervising Authorities, copies of this Resolution and the AMLC warning to all the covered institutions and require the posting thereof in the most conspicuous places in their respective offices and/or branches;

3 post, thru the Secretariat, the AMLC warning in other public places

".- October 2004, Manila, Philippines

X W

(Qfficer-in-Charge, Bangko Sentral ng Pitipinas) ARMANDO L. SURATOS Acting Chairmar

(Chairman, Securities and Exchange Commission) BE B.BARIN Membet K (Commissioner, insurance Commission) BENJAMIN S. SANTOS Member

Anti-Money Lasresering Council

Bangko Sentrat ng Pilipinas Complex Mansia, Philippines

WARNING DN TEXT SCAM

(PCSO), the Philippine Amusement and Gaming Corporation (PAGCOR), or recipient of a text message is informed through short messaging service or "text" that he won millions of pesos in a raffle draw purportedly sponsored by the other institutions. The swindlers who use fictitious names or pose as government Bangko Sentrat ng Pilipinas (BSP), the Philippine Charity Sweepstakes Office The public is hereby warned about the so-called "text scam" wherein a

officials would try to get their viciim to deposit certain amounts of money in a particular bank account desigriated by the swindlers, supposedly for tax

the victim deposits the money, the swindlers immediately withdraw the same. and the victim will no longer be able to get in touch with the swindlers again. payments and other fees, as a precondition to getting :he alleged prize. Once

fraud are advised to immediately report the matter to the Anti-Money Laundering Manila, with telephone number 524--7011 ioc 2372. Council Secretariat, 5/F, EDPc Building, Bangko Sentrai ng Pilipinas Complex, Those who receive such text messages or have been victimized by this

BABALA SA "tEXt ScAM"

ito ay kaagad na kukunin ng mga kriminal na hindi na muli pang makikipag-usap halaga sa isang pa-raffle ng Bangko Sentral ng Pilipinas, Philippine Charity ay nagpapadala ng "text message" na nagsasabi ng pagkapanalo ng malaking institusyon. Ang mga manlitiniang ay gumagamiit ng h#ndi totoong pangalan at nagpapakilalang mga opisyal ng mga naturang ahensiya ng pamahalaan. Ang napiling bibiktimahin ay sasabihan na kailangang magdeposito muna ng pera sa kundisyon bago makuha ang sinasabing napanaiunan. Pagkadeposito ng pera, panilinlang sa pamamagitan ng celiuiar phones kurg saan ang mga maniilinlang Sweepstakes, Philippine Amusement and Gaming Corporation o iba pang isang bank account upang pambayad diumano sa tax at iba pang fees at bilang sa biktima Ang publiko ay aming binabalaan tungkol sa "text scam". Ito ay isang

insidente ng nasabing scam sa Anti-Money Laundering Council Secretariat, 5/F. EDPc Building, Bangko Sentral ng Pilipinas Complex, Manila, may telepono bilang 524-7011 loc. 23 72. Huwag pabiktima sa "text scam". ipagbigay-alam kaagad ang mga