The Bangko Sentral ng Pilipinas (BSP) is set to relax the identification requirement of banks to their customers in the typhoon-struck areas.

Nestor Espenilla Jr., BSP deputy governor for Supervision and Examination Sector, said over the weekend that the Monetary Board (MB) has approved an additional relief for typhoon-affected banks, particularly in the “know your customer” policy.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details