Friday, 22 April 2016

Improved Postal ID can detect money-launderers

THE Philippine Postal Corporation (PhilPost) on Friday launched its improved postal identification card (Postal ID) that it said could even detect money launderers.
Luis Carlos, Assistant Postmaster General for Marketing, told The Manila Times that security features of the improved Postal ID protect people and institutions from being victims or pawns of money launderers.
When asked in what way the latest Postal ID could be a help in detecting the money launderers, he said the ID could ascertain if a person who transacts money with a bank, for example, is a money-launderer or not.
Carlos added that culprits in the $81 million that was recently laundered through a bank in the Philippines could be traced with accuracy through the security features of the new Postal ID.
He cited the Automated Fingerprint Identification System or AFIS on top of existing features of the ID.
The new ID has “additional physical security features that are difficult to reproduce [like] a hologram of a running mailman which can only be seen in certain angles, and a UV ink or special ink that lights up to ultraviolet light,” Carlos said.
It also has a ghost image, a slightly transparent copy of the applicant’s photograph, he added.
The new Postal ID is acceptable in all government and private institutions, Carlos said.
source:ManilaTimes

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