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MANDAUE CITY, Philippines — Four Nigerian nationals were arrested by agents of the National Bureau of Investigation Cebu Division Office (NBI CEBDO) for allegedly falsifying government IDs and other documents to be used allegedly for online scams.…
A THIRD of Filipinos now hold bank accounts — allowing them to save money or make and receive payments, wages or financial assistance — thanks to a growing demand among consumers for digital payment services, the central…
The Social Security System (SSS) will seize the properties and bank accounts of 7,000 companies that are delinquent in remitting their employees’ SSS contributions in a bid to shore up the state-run pension fund’s revenues. SSS president…
While the three Romanians accused of skimming the ATM accounts of depositors and government employees at the Land Bank of the Philippines (Landbank) Metro Cebu branches languish in jail, it’s time for the local banking community to…
MORE victims of unauthorized ATM withdrawals have come out, one of them Retired Judge Meinrado Paredes, who lost P100,000 from his Land Bank of the Philippines (LBP) account. He said he discovered the unauthorized withdrawals from his…
Cebu Provincial Police Office (CPPO) director Senior Supt. Eric Noble lauded the decision of the Court of Appeals to order the freezing of suspected drug lord Franz Sabalones’ assets saying it will really have an impact on…
The Court of Appeals (CA) issued a freeze order on the bank accounts and properties of suspected drug lord Franz Sabalones. This was confirmed by Philippine Drug Enforcement Agency (PDEA-7) Director for Central Visayas Yogi Felimon Ruiz…
BOTH the police and Cebu’s banks called on public vigilance to guard against automated teller machine (ATM) skimmers or those who steal cash from ATM deposits. The latest victim was a 47-year-old overseas Filipino worker named Eniel…
Be extra vigilant. Don’t trust everything you receive in the email. Keep your personal information private. Invest in information technology (IT) systems that will help protect your company from hacking. These were the tips given by Dexter…
MANILA, Philippines — Businessman Antonio L. Tiu scored the Anti-Money Laundering Council on Sunday, for including in its freeze order request his companies’ bank accounts, saying these were all used in legitimate transactions. “The AMLC lied to…
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