In the Philippines Travel Rule requirements are set forth in Section 902-N of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) as amended by the Monetary Board Resolution No. 78 dated 21 January 2O21 and further clarified in Memo 2023-042 of the Central Bank ("Regulations").
Threshold
Amount | Currency | Source |
50,000.00 | PHP | Regulations, p.6 |
Required Originator and Beneficiary information vs Notabene system
Party to the TX | Required information (*) | IVMS field | Required < Threshold? | Required > Threshold? (**) |
Originator | Name |
| Yes | Yes |
Originator | Account number used to process the transaction |
| Yes | Yes |
Originator | Physical (geographical) address |
| No | OR |
Originator | National identity number |
| No | OR |
Originator | Customer identification number |
| No | OR |
Originator | Date and place of birth |
| No | OR |
Beneficiary | Name |
| Yes | Yes |
Beneficiary | Account number where such an account is used to process the transaction |
| Yes | Yes |
(*) According to Regulations, p. 7
(**) YES = Required ; OR = Alternative fields