(1) Subsection 4301P.1 which requires pawnshops to ascertain whether the pawner is the true owner of the article/s offered as pawn and ensuring always that there is no ground to suspect that the article/s offered as pawn was an object of robbery or theft; and (2) Subsection 4301P.3 on the presentation of a valid photo-bearing ID, in addition to the customer identification requirements under Rule 9.1.c of the Revised Implementing Rules and Regulations (RIRRS) of R. A. 9160, as amended (Anti-Money Laundering Act).
ANY PAWNSHOP, including its OWNER(s), PARTNERS, BOARD OF DIRECTORS, MANAGEMENT and EMPLOYEES concerned, found to have wilfully and/or deliberately violated the said rules and regulations shall be subject to sanctions and penalties, as provided under Sections 17 and 18 of Presidential Decree No. 114 (Pawnshop Regulation Act); Sections 4199P and 4399P of MORNBFI-P; Section 14 of Republic Act No. 9160 (Anti-Money Laundering Act of 2001), and Section 36 of Republic Act No. 7653 (New Central Bank Act).
For information and guidance.
(SGD.) NESTOR A. ESPENILLA, JR.
Deputy Governor