Insurance Commission

BEWARE OF FRAUDULENT COMMERCIAL DOCUMENTS

The Anti-Money Laundering Council warns the public against fraudulant commercial documents being sold or traded by individuals or companies and are allegedly issued, secured or guaranteed by the Bangko Sentral ng Pilipinas (BSP) or the then Central Bank of the Philippines.

These spurious documents include Safekeeping Receipts, Certificate of Gold Bullion Depository Stocks, Trust Account Deposits and Land Bank Capital Bonds with Interim Certificates covering substantial amounts of money.

The BSP does not issue, secure, or guarantee such types of documents. The BSP has consistently advised the public that the original of the alleged documents, if existing, have not been issued by the BSP or the then Central Bank of the Philippines to any person, corporation, or entity for value, as to form a basis of a valid claim against the Government of the Republic of the Philippines or its fiscal agents.

Link to BSP Advisory