BANGKO SENTRAL NG PILIPINAS

AML / KYC

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.

Fintech / Regtech

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.

Enforcement

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.

Fintech / Regtech

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.

Crypto / Digital Assets

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.

Securities / Derivatives

BSP Clarifies UITFs with Foreign Placements Eligible for PERA

By Sanday Chongo Kabange | 28/08/2025

A central bank memorandum confirms locally-registered UITFs with foreign investments can be eligible as PERA investment products.

AML / KYC

Philippines Could Return to FATF Grey List Over Gambling Risks: BSP

By Editors | 27/08/2025

BSP warnings and data from The Fourth Wall highlight the urgent need for stricter online gambling controls in the Philippines.

Crypto / Digital Assets

Philippine Lawmaker Proposes Bill to Establish National Bitcoin Reserve

By Sanday Chongo Kabange | 25/08/2025

A new bill directs the BSP to acquire 10,000 Bitcoin over five years and hold it for two decades to diversify national assets.

AML / KYC

BSP Pledges Stronger Financial Crime Safeguards

By Nithya Subramanian | 21/08/2025

The Philippines’ exit from global money laundering watchlists is expected to lower remittance costs, ease banking ties abroad, and boost investor confidence in its financial system.