Barangay VIP Payment Center

21/05/2020

The central bank wants local financial technology (fintech) firms to play a bigger role in the new economy that will emerge from the coronavirus pandemic to include lending money on a retail

18/05/2020

FINANCIAL CRIME: Money Mules

Money mules are persons recruited to lend their personal bank/e-money accounts to receive cash deposits/online transfers from illegal sources under the guise of “charity or COVID-19 donations.”

The public and BSP-supervised financial institutions (BSFIs) are reminded to remain vigilant and to take necessary precautionary measures against these new patterns of criminal behavior as well as emerging typologies on money laundering/terrorism financing (ML/TF) activities and other financial crimes being perpetrated amid the COVID-19 pandemic.

15/05/2020

We believe great things are coming soon.

In his presentation to the youth sector at the Sulong Pilipinas: Youth Partners for Progress e-conference held May 14, Acting NEDA Secretary Karl Kendrick T. Chua said that the government is set to tackle the 2021 and 2022 budget in the coming months. The economic team, he added, is already in talks with Congress to prepare the country for a greater stage of economic resiliency, which will cover the period of June to December 2020.