Bangko Sentral ng Pilipinas

AML / KYC

Philippines Widens Asset Freeze in Deepening Flood Control Scandal

By Sanday Chongo Kabange | 25/09/2025

The AMLC has been asked to freeze billions of pesos in air and land assets as the probe expands to include more money laundering and corruption allegations.

AML / KYC

Philippine SEC Backs Easing of Bank Secrecy Law

By Sanday Chongo Kabange | 25/09/2025

The SEC says reforms are a necessary measure to strengthen its enforcement powers against financial crimes and fraud.

Capital / Liquidity

BSP Proposes New Rules for Banks on Booking Property Acquired in Loan Settlement

By Sanday Chongo Kabange | 25/09/2025

Draft circular provides guidance on the timing of booking personal properties acquired in settlement of loans under the Personal Property Security Act.

AML / KYC

Bangladesh Court Orders $81 Million Seizure from Philippine Bank

By Editors | 23/09/2025

A Dhaka court has ordered the confiscation of funds from RCBC, more than nine years after the cyber heist suffered by Bangladesh Bank.

AML / KYC

BSP Imposes New Limit on Large Cash Payouts to Curb Illicit Finance

By Editors | 22/09/2025

New circular mandates traceable channels for transactions over PHP 500,000 and imposes new enhanced due diligence and reporting duties on FIs.

BSP Proposes Stiffer Penalties in Reporting Governance Overhaul

By Sanday Chongo Kabange | 18/09/2025

The BSP has drafted new rules linking penalties to asset size and shortening submission deadlines for regulatory reports.

AML / KYC

Philippines Freezes Assets in Widening Flood Control Corruption Probe

By Editors | 17/09/2025

A court has frozen 135 bank accounts as regulators deploy a new anti-scam law and probe alleged large-scale money laundering through casinos.

AML / KYC

Philippines Renews Push to Amend Bank Secrecy Law

By Sanday Chongo Kabange | 10/09/2025

The proposed bill aims to grant the BSP limited powers to examine bank accounts of insiders suspected of fraud or misconduct.

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.