BANGKO SENTRAL NG PILIPINAS

Market Infrastructure

BSP Proposes Amendments to Disaster Relief Policy for Banks

By Sanday Chongo Kabange | 05/06/2025

The relief policy includes waivers of penalties for late filings, extensions for regulatory reporting deadlines, and deferral of examinations.

Capital / Liquidity

BSP Proposes Revised Basel III Operational Risk Rules for Banks

By Sanday Chongo Kabange | 05/06/2025

The draft rules outline updated standards for operational risk capital, replacing existing approaches with a single “business indicator” metric.

AML / KYC

Scam Liability in Asia: A Spectrum of Policies, One Common Fight

By Anurag Mohapatra | 04/06/2025

Asia’s diverse anti-scam policies reflect local contexts, Anurag Mohapatra writes, highlighting the need for trust, coordination, and accountability.

AML / KYC

BSP Approves Rules to Implement New Anti-Scam Law

By Sanday Chongo Kabange | 03/06/2025

BSP approved changes to rules on freezing of suspicious funds, account information sharing, and IT risk management.

AML / KYC

BSP Issues Directions to Banks on Adverse Media Screening

By Sanday Chongo Kabange | 28/05/2025

Banks must include adverse media screening during onboarding and during transaction monitoring to identify financial crime threats.

AML / KYC

BSP Issues Draft Reporting Rules for Trust Entities

By Sanday Chongo Kabange | 22/05/2025

Trust entities will have to report additional details on their fiduciary and investment management activities, including data on client risk profiles.

Fintech / Regtech

BSP Delays Rollout of FX Reporting System to Mid 2026

By Nithya Subramanian | 22/05/2025

Full implementation of the new ITRS has been deferred to allow time to “address emerging technical and report-related concerns”

AML / KYC

Philippines Convenes First Meeting of New Anti-Scams Group

By Sanday Chongo Kabange | 18/05/2025

The ASTIG will enhance public awareness campaigns, foster stronger inter-agency cooperation, and empower local officials to better protect their communities

AML / KYC

Philippines AMLC Probes Alleged ML of Murdered Billionaire’s Ransom

By Nithya Subramanian | 16/05/2025

Authorities are investigating how PHP 200 million in ransom paid for kidnapped businessman Anson Que was laundered through casino junkets, e-wallets, and crypto.