Customers should understand, consent to, and check the foreign exchange computation at the counter before the Villarica personnel gives the equivalent amount in pesos. The foreign exchange rates applicable for the day may change without prior notice. Money changing transactions may only be done face to face and over the counter at regular business hours at any VILLARICA branches all over the Philippines (unless there is closure of VILLARICA branches with or without prior notice), subject to power and telecommunications failure, computer, gadgets, and connectivity failure, and inclement weather, and the like.įOREIGN EXCHANGE RATES AND COMPUTATION. They shall not be liable for refusal of this nature.įACE TO FACE TRANSACTIONS. Villarica and its employees reserve the right to refuse to accept any foreign exchange transaction which in their sole discretion, may be in violation of AML-TFP laws, rules, or regulations, or other applicable laws.
Questions and additional documents may be requested from customers in compliance with KYC rules.
A picture of the customer and his/her ID shall also be taken. As part of KYC, customers with relevant business transactions are required to fill out a Customer Information Sheet (CIS) and present a valid ID.
#1 DOLLAR PHILIPPINE PESO MANUAL#
Updated Compliance Manual on Money Laundering and Terrorism Financing Prevention Program (MTPP).Īll parties and transactions under VILLARICA Money changer are subject to MTPP laws and Villarica policies, including Know Your Customer (KYC) requirements. Money exchange services are provided at selected VILLARICA branches nationwide. VILLARICA is a company that runs a money exchange business.
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