Bangko Sentral ng Pilipinas

Structural Regulation

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.

Anti-Money Laundering

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.

Anti-Money Laundering

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.

Emerging Prudential Risks

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.

KYC & CDD

UnionBank Goes Live on Philippine Open Finance Pilot for Pensions

By Editors | 06/09/2025

UnionBank is among the first to launch a BSP-led initiative using consent-based data sharing to simplify retirement account opening.

Fraud, Scams & Cybercrime

Philippine Bankers Association Developing New Scam Blocking Protocol

By Sanday Chongo Kabange | 04/09/2025

The new protocol will incorporate AI and big data analytics to facilitate real-time alerts and fund blocking once scam-related activity is reported.

Conduct, Culture & Accountability

BSP Imposes "Maximum Penalties" on Supervisors in Ethics Case

By Nithya Subramanian | 03/09/2025

The BSP formally dismissed two supervisors for their alleged involvement in falsifying attendance records and disqualified them from public service.

Fraud, Scams & Cybercrime

BSP Warns of Penalties for FIs That Fail to Meet Anti-Fraud Deadline

By Nithya Subramanian | 03/09/2025

The central bank has warned of licence suspensions and civil charges for FIs that don't upgrade fraud management systems by 2026.

Cryptocurrency

BSP Extends Moratorium on New Crypto Licences Indefinitely

By Editors | 01/09/2025

The central bank cites consumer protection and financial stability risks, continuing a freeze that was set to expire this year.