LIMIT OF DOMESTIC MONEY ORDER ISSUANCE

This refers to Circular No. 95-38 dated 01 September 1995, limiting
the issuance of money orders up to P50,000.00 in a day to one remitter
payable to one payee.

The above circular was amended pursuant to PhilPost Administrative
Order No. 00-02 dated 11 April 2000, specifically Chapter II, Article
II, Section 1 – to read as follows: “Postmaster/MO teller may sell money order regardless of amount to one party payable to one payee in a day.”

However, when money orders amounting to P500, 001. 00 and above
shall be issued to one remitter payable to one payee, the following
procedures shall be observed:

1. Issuing postmaster shall require the sender to fill out the
attached Customer Information Sheet (CIS) to be supported by at least
two (2) valid identification (ID) cards, likewise, paying postmaster
shall require the same to the payee.

2. Issuing/paying postmasters shall submit the Covered Transaction
Report (CTR) to the Executive Director, Anti-Money Laundering Council
(AMLC), Room 507, EDPC Building, Bangko Sentral ng Pilipinas, Manila,
copy furnish the Money Order Service, Manila, within 5 days from date of
issue/payment of money orders, in compliance with the Anti-Money
Laundering (AML) Act of 2001 – R.A. 9194. The format of the report is
shown below:

Covered Transaction Report
Date: __________________
Name of Post Office: ____________________

Date of Transaction	Name and Address of the Remitter	Name and Address of the Payee	Serial Number of Money Orders	Total Amount

Certified Correct:

_________________________________
(Signature over printed name of Postmaster)

All Regional Directors, Operations Directors, Postal District
Managers, Postmasters and postal officials/employees are enjoined to
ensure that this memorandum circular is properly disseminated and
complied with by all concerned.

Adopted: 27 Jan. 2009

(SGD.) HECTOR R.R. VILLANUEVA
Postmaster General & CEO