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If I'm reading this correctly the Philippines does not have a law specific to credit card fraud but of "falsified documents". Kind of unbelievable.

"RA 8484 defines the crime as “the use of falsified document, false information, fictitious identities and addresses, or any form of false pretense or misrepresentation” in the application of an access device.

Under Section 10 of RA 8484, any person convicted of fraudulent application is to be fined P10,000 or twice the value obtained by the offense, whichever is greater, and imprisonment of six to 10 years.

Rep. Marcelino Teodoro (Marikina, First District) earlier introduced House Bill 1513 to push for penalties for credit card fraud.

The bill noted that the Credit Card Association of the Philippines has been asking the government to give more teeth to the law against fraudsters using illegally obtained information from credit cards, obtained mostly from stores or restaurant personnel“The occurrence of credit card fraud in the country is steadily increasing and banks incur huge losses and suffer stunted

credit card sales, ultimately threatening the survival of the credit card industry, including the negative repercussions to the domestic economy,” read the bill’s explanatory note.


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