BANGKO SENTRAL NG PILIPINAS

AML / KYC

Scam Liability in Asia: A Spectrum of Policies, One Common Fight

By Anurag Mohapatra | 04/06/2025

Asia’s diverse anti-scam policies reflect local contexts, Anurag Mohapatra writes, highlighting the need for trust, coordination, and accountability.

AML / KYC

BSP Approves Rules to Implement New Anti-Scam Law

By Sanday Chongo Kabange | 03/06/2025

BSP approved changes to rules on freezing of suspicious funds, account information sharing, and IT risk management.

AML / KYC

BSP Issues Directions to Banks on Adverse Media Screening

By Sanday Chongo Kabange | 28/05/2025

Banks must include adverse media screening during onboarding and during transaction monitoring to identify financial crime threats.

AML / KYC

BSP Issues Draft Reporting Rules for Trust Entities

By Sanday Chongo Kabange | 22/05/2025

Trust entities will have to report additional details on their fiduciary and investment management activities, including data on client risk profiles.

Fintech / Regtech

BSP Delays Rollout of FX Reporting System to Mid 2026

By Nithya Subramanian | 22/05/2025

Full implementation of the new ITRS has been deferred to allow time to “address emerging technical and report-related concerns”

AML / KYC

Philippines Convenes First Meeting of New Anti-Scams Group

By Sanday Chongo Kabange | 18/05/2025

The ASTIG will enhance public awareness campaigns, foster stronger inter-agency cooperation, and empower local officials to better protect their communities

AML / KYC

Philippines AMLC Probes Alleged ML of Murdered Billionaire’s Ransom

By Nithya Subramanian | 16/05/2025

Authorities are investigating how PHP 200 million in ransom paid for kidnapped businessman Anson Que was laundered through casino junkets, e-wallets, and crypto.

Capital / Liquidity

BSP Seeks to Boost Islamic Banking with Relaxed Regulations

By Editors | 14/05/2025

BSP proposes adjustments to capitalisation requirements and reporting procedures to spur growth in the Islamic banking sector

Market Infrastructure

BSP Issues Draft Circular on Adoption of ISO 20022 Standard

By Sanday Chongo Kabange | 29/04/2025

The BSP says all participants of payment systems must adopt the ISO 20022 messaging standard for each specific business function.