BANGKO SENTRAL NG PILIPINAS

AML / KYC

New Bill Filed to Modernise Bank Secrecy Law in Philippines

By Nithya Subramanian | 11/07/2025

The proposed legislation aims to give BSP power to probe deposits tied to unlawful activity but under strict conditions.

Market Infrastructure

Philippines FSCC Flags Financial Risks, Eyes Deposit Insurance Reform

By Sanday Chongo Kabange | 11/07/2025

Regulators are monitoring global headwinds and geopolitical tensions, while considering a risk-based premium system for the bank deposit insurance scheme.

AML / KYC

Philippine Central Bank to Issue Circular on Online Gambling Risks

By Sanday Chongo Kabange | 04/07/2025

The BSP says it will require banks and electronic money issuers to better protect users of their digital platforms from online gambling risks.

Market Infrastructure

BSP Updates Bank Credit, Equity Exposure Reporting Rules

By Sanday Chongo Kabange | 20/06/2025

Banks and trust corporations are required to submit COCREE 2.0 monthly for reporting periods from 30 April 2025 onwards.

Fintech / Regtech

BSP Proposes Model Risk Management Guidelines for FIs

By Sanday Chongo Kabange | 20/06/2025

The BSP has proposed model risk management guidelines for financial institutions to enhance operational resilience and mitigate potential losses.

New Institution Emerges from Merger of Four Rural Banks

By Sanday Chongo Kabange | 18/06/2025

The BSP said Agribank has started operations, representing the combined entity following a merger of four agricultural rural banks.

AML / KYC

EU Commission Updates List of High-Risk Jurisdictions

By Manesh Samtani | 12/06/2025

Laos and Nepal were added, while the Philippines and the UAE were removed. The updated list takes into account the FATF’s work and its grey list.

Crypto / Digital Assets

First PHP Stablecoin Advances Past Regulatory Sandbox Pilot

By Editors | 11/06/2025

Philippine fintech Coins.ph said PHPC is exiting the regulatory sandbox and is now positioned for broader adoption across multiple use cases.

Market Infrastructure

BSP Proposes Amends to Disaster Relief Policy for Banks

By Sanday Chongo Kabange | 05/06/2025

The relief policy includes waivers of penalties for late filings, extensions for regulatory reporting deadlines, and deferral of examinations.