DMW Escrow
For Overseas Recruitment AgenciesDMW Escrow
For Overseas Recruitment Agencies
How an Escrow Agreement Works
LANDBANK - Trust Banking Group, as an Escrow Agent, acts as an impartial third party who will intervene or safeguard your contracts involving money, securities, property titles or documents. We make sure that the terms and conditions of the agreement are complied with by all parties involved, giving you peace of mind.
Mandatory Escrow Requirements
A standard escrow arrangement required by the DMW for the accreditation, application, and renewal of licenses of overseas employment agencies.
Landbased OFWs
Filipino Performing Artists in Japan
Filipino Seafarers
This escrow ensures that funds are set aside by the manning/recruitment agency to answer for all valid and legal claims arising from contracts of employment and violations of the conditions for the grant and use of the license, including fines imposed by DMW.