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| PCG and Customs officers kick-starting the information drive |
Keep the money you send back home safe by dealing only with licensed money remittance and delivery companies.
This is the message that the Philippine Consulate
General and Hong Kong Customs and Excise Department want to send out to migrant
workers, by coming out with a bilingual information brochure titled “Tips on
Choosing Remittance Services.”
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| PINDUTIN PARA SA DETALYE |
The infographic released on May 13 aims to help
safeguard the money sent home by Filipino migrant workers, which altogether
constitutes 8.3% of the country’s gross domestic product and 7.8% of the gross
national income.
Statistics from the Central Bank of the Philippines
show that personal remittances from overseas Filipinos reached an all-time high
of over US$38 billion last year.
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| Pindutin para sa detalye |
The infographic urges overseas Filipinos to send
money only through licensed and reputable money service operators.
Under Hong Kong’s Anti-Money Laundering and Counter-Terrorist
Financing Ordinance (AMLO), operating a money service or remittance center
without a license from the Commissioner of Customs & Excise (CCE) is an
offense for which the maximum penalty is imprisonment for two years and a fine of
$1,000,000.
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| Basahin ang detalye! |
To kick-start the project, overseas Filipinos who were at the Consulate during the launch, including those attending the post-arrival orientation seminar were enjoined to listen to speakers about the collaborative work.
