Bangko Sentral ng Pilipinas

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    AML / KYC

    AMLC Sheds Light on Terrorism Financing Threats Facing Philippines

    By Editors | 21/06/2023

    New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.

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    Fintech / Regtech

    Philippines, India Agree to Collaborate on FinTech Regulation

    By Ranamita Chakraborty | 21/06/2023

    Key representatives from the central banks and regulatory bodies of both countries have formed a joint working group.

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    AML / KYC

    Philippines Steps Up Efforts to Exit FATF ‘Grey’ List

    By Ranamita Chakraborty | 20/06/2023

    The Philippines’ Anti-Money Laundering Council’s executive director Matthew M. David talks to Regulation Asia about its action plan to take the country out of the Financial Action Task Force’s ‘Grey’ List.

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    Fintech / Regtech

    BSP Proposes Enhance Guidelines for Electronic Fund Transfers

    By Editors | 15/06/2023

    In the event of unsuccessful transactions, financial institutions must return the amount to the sender within one hour.

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    Capital / Liquidity

    BSP Reduces Reserve Requirements for Banks, NBFIs

    By Sanday Chongo Kabange | 09/06/2023

    The BSP says the lower reserve requirements will help to ensure stable domestic liquidity and credit conditions.

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    Securities / Derivatives

    Philippines to Launch First Sovereign Wealth Fund by Year-end

    By Editors | 07/06/2023

    The Maharlika Investment Fund will be created by the end of this year, after the required legislation was passed by Congress last week.

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    AML / KYC

    FIs Must ‘Strictly’ Perform CDD on DNFBP Clients, BSP Says

    By Sanday Chongo Kabange | 04/06/2023

    CDD includes identifying and verifying the true identities and beneficial owners of DNFBP clients such as lawyers, accountants and real estate developers.

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    Big Picture

    BSP Addresses GCash Service Disruption, Unauthorised Transactions

    By Editors | 19/05/2023

    Phishing attacks where users shared their OTPs with scammers were the root cause behind unauthorised transactions at GCash.

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    Capital / Liquidity

    BSP Launches Credit Risk Scoring Model for MSMEs

    By Editors | 02/05/2023

    The CRD Scoring Model will help lenders analyse the creditworthiness of MSMEs, including those without credit histories or adequate collateral.

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    Securities / Derivatives

    BSP Streamlines and Expands Currency Hedging Facility

    By Editors | 30/04/2023

    The BSP approved amendments to make it easier for clients of large banks to hedge peso-US dollar exposures through NDFs.

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