All posts tagged "electronic money issuers"
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570AML / KYCPhilippine Banks Directed to Monitor Gaming-related Transactions
FIs are asked to bolster their CDD and file reports when suspicious transactions are observed involving play-to-earn games such as the recently-hacked Axie Infinity.
April 26, 2022 -
392Fintech / RegtechBSP Revises Regulatory Framework for E-money Issuers
E-money can refer to monetary value "electronically stored in an instrument or device" - including cash cards, prepaid cards, stored value cards or digital wallets.
March 15, 2022 -
342Asia-Pacific
BSP to Stop Accepting Applications for E-Money Issuer Licences
EMI licence applications received from non-bank institutions will be processed until 15 December on a first-come, first-served basis.
November 23, 2021 -
335Asia-Pacific
BSP Issues Governance Policy for Operators of Payment Systems
Payment system operators including banks and electronic money issuers have six months to comply with the requirements.
September 22, 2021 -
378AML / KYC
AMLC Examines Philippine Exposure to Tax Crimes
The study was conducted in light of the recent AML Act amendment which included the commission of tax crimes in the list of predicate offences for money laundering.
July 12, 2021 -
291AML / KYCBSP Warns Banks Against Unlicensed Gaming Operators
FIs should ensure they have robust risk management and due diligence frameworks in place to prevent transactions with illegal online gambling operators.
February 11, 2021 -
902Asia-PacificBSP Extends Registration Deadline for Payment System Operators
Existing payment system operators were given until 1 January to register with the BSP. This has been extended to 1 April 2020.
December 31, 2019 -
736Asia-Pacific
BSP Streamlines Rules for Payment System Operators
The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.
October 3, 2019
