All posts tagged "BDO Unibank"
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795AML / KYCBSP Sanctions BDO, UBP Over Unauthorised Bank Transfers
The BSP said it has completed its investigation into the incident and sanctioned both BDO Unibank and UBP, but it did not specify the penalties.
May 4, 2022 -
650AML / KYCPhilippines: DOJ, BAP to Collaborate on Combatting Cybercrime
The DOJ and BAP will collaborate on stronger measures to combat online fraud, including to enhance enforcement and prosecution of cybercriminals.
February 7, 2022 -
657EnforcementBSP Calls for Passage of New Financial Consumer Protection Act
The Act establishes stronger protection standards for consumers, promotes transparent and responsible pricing, and give regulators more teeth.
January 24, 2022 -
807PhilippinesPhilippine DOJ Signs MoU with BAP on Cybercrime Prevention
The MoU aims to formalise the establishment of a collective, coordinated, and strategic cyber response within the banking industry.
January 4, 2022 -
570AML / KYC
BSP to Ensure Hacked BDO Accounts Are Reimbursed
Some 700 customers of BDO Unibank have suffered losses due to a hack. The BSP said it will ensure remedial measures are undertaken.
December 16, 2021 -
485AML / KYCPhilippine Prosecutors File Criminal Complaints Over Wirecard Fraud
The criminal complaints accuse respondents of violating banking, cybercrime, and e-commerce laws as well as falsifying commercial documents.
June 9, 2021 -
1.0KAML / KYC
FinCEN Files: Philippine Money Remitters Named in SARs
Philrem and Werquick used local banks to wire funds for unidentified customers without identifying source of funds, the true beneficiary, or the purpose of the transactions.
September 24, 2020 -
2.4KEnforcement
BaFin Efficacy Called into Question for Wirecard Handling
Last February, BaFin responded to whistleblower allegations and critical media reports by banning short-selling in Wirecard and filing criminal charges against journalists.
June 22, 2020 -
801Asia-PacificBSP Eyes Oversight Extension to Cover Banking Conglomerates
The BSP gained sweeping new powers last month, but it did not gain the oversight authority over conglomerates that own or control Philippine banks.
March 7, 2019 -
1.6KAsia-PacificPhilippines Launches Real Time E-Payments Platform InstaPay
Philippine central bank launch of InstaPay will enable real-time electronic fund transfers up to PHP50,000 per day through 20 participating institutions.
April 24, 2018
