Philippines

AML / KYC

Philippine SEC Stresses Need for CDD on DNFBP Clients

By Sanday Chongo Kabange | 26/09/2023

Regulated firms that don’t identify and verify the true identity of DNFBP clients and their beneficial owners may face enforcement action.

ESG / Sustainability

Philippine SEC Issues New Guidelines on Blue Bond Issuance

By Editors | 26/09/2023

The guidelines set out eligibility criteria for blue projects and activities, based on IFC’s Blue Finance Guidance Framework and ADB’s Green and Blue Bond Framework.

ESG / Sustainability

Philippine Regulators Proposes Sustainable Finance Taxonomy Guidelines

By Editors | 19/09/2023

A taxonomy guidelines initially focuses on climate change mitigation and adaptation, using a traffic light approach to reflect a transition category.

AML / KYC

Philippine SEC Teams Up With US Counterpart, IOSCO to Tackle Securities-related Crime

By Editors | 15/09/2023

The Philippines SEC is looking to strengthen its enforcement capabilities to protect investors from securities fraud and other forms of investment scams.

AFI Members Sign ‘Manila Manifesto’ to Boost Financial Inclusion

By Mark Johnston | 14/09/2023

Members of the Alliance for Financial Inclusion pledged to work with global standard setters to promote financial inclusion.

Fintech / Regtech

SEC Philippines Allows Crowdfunding Platforms to Act as Registrars

By Sanday Chongo Kabange | 14/09/2023

To date, only traditional financial intermediaries have been allowed to act as registrars under the securities regulation code.

ESG / Sustainability

ASEAN Exchanges Agree on New Set of ESG Metrics

By Editors | 13/09/2023

Previously, Environment (E) and Social (S) metrics were developed. The exchanges have now agreed on complementary Governance (G) metrics.

Crypto / Digital Assets

India’s Crypto Market Booms Despite Regulatory Challenges – Chainalysis

By Jill Wong | 12/09/2023

The global crypto adoption index seeks to rank markets based on the people’s share of wealth put into cryptocurrencies.

Crypto / Digital Assets

BSP Announces Key Technology Decision for CBDC Pilot

By Sanday Chongo Kabange | 10/09/2023

Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.