Anti-Money Laundering Act
Swift Cash, Inc. requires all its remittance partners and tie-ups abroad and in the Philippines to strictly comply with both the host country’s Anti-Money Laundering procedures and that of the Philippines, as prescribed by law. These procedures are steadfastly observed and followed to ensure that we are not used as a money laundering haven for funds that are proceeds of unlawful activities.
All our remittance partners’ and tie-ups’ first time remitters are required to submit a copy of the following:
- Proof of Identification - i.e. Passport, Company Id, Driver’s License duly certified by your Bank Manager, Employer, Solicitor or any person of authority who can attest to the authenticity of your identification
- Proof of Billing Address - i.e. telephone bill, electric bill, bank statement
For single transactions above Php 100,000.00 or several transactions totaling Php 500,000.00, we will require additional documents such as:
- letter indicating the purpose of remittance
- source of funds i.e. bank statement, payslip
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