Philippines

AML / KYC

Philippines to Enhance Beneficial Ownership Transparency in Extractive Industries

By Nithya Subramanian | 10/09/2025

New data-sharing agreement is expected to improve access to corporate and ownership information in the extractives sector, balancing transparency with privacy safeguards.

AML / KYC

Asia-Pacific Countries Join Forces to Battle USD 37 Billion Scams Industry

By Nathan Lynch | 10/09/2025

ASEAN nations are uniting against a $37B scam epidemic, deploying technology, intelligence sharing and education to protect citizens from increasingly sophisticated criminal threats.

Capital / Liquidity

Philippines to Strengthen Oversight of NBFIs with New Framework

By Nithya Subramanian | 09/09/2025

The new framework will complement existing bank regulation and align with global best practices to better anticipate risks and preserve financial stability.

AML / KYC

UnionBank Goes Live on Philippine Open Finance Pilot for Pensions

By Editors | 06/09/2025

UnionBank is among the first to launch a BSP-led initiative using consent-based data sharing to simplify retirement account opening.

Fintech / Regtech

Philippine Bankers Association Developing New Scam Blocking Protocol

By Sanday Chongo Kabange | 04/09/2025

The new protocol will incorporate AI and big data analytics to facilitate real-time alerts and fund blocking once scam-related activity is reported.

Securities / Derivatives

Philippine SEC to Release Revised Rules for REITs By Q4

By Sanday Chongo Kabange | 04/09/2025

The SEC plans to expand eligible assets, extend reinvestment periods, and simplify registration to bolster the country's capital market.

Enforcement

BSP Imposes "Maximum Penalties" on Supervisors in Ethics Case

By Nithya Subramanian | 03/09/2025

The BSP formally dismissed two supervisors for their alleged involvement in falsifying attendance records and disqualified them from public service.

Fintech / Regtech

BSP Warns of Penalties for FIs That Fail to Meet Anti-Fraud Deadline

By Nithya Subramanian | 03/09/2025

The central bank has warned of licence suspensions and civil charges for FIs that don't upgrade fraud management systems by 2026.

Crypto / Digital Assets

BSP Extends Moratorium on New Crypto Licences Indefinitely

By Editors | 01/09/2025

The central bank cites consumer protection and financial stability risks, continuing a freeze that was set to expire this year.