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Manila — The inclusion of casinos in the coverage of the anti-money laundering law will help strengthen the fight against illicit cash inflows, according to Bangko Sentral ng Pilipinas Governor Nestor A. Espenilla Jr. The central bank…
“WE can expect the new governor to take the BSP (Bangko Sentral ng Pilipinas) to new heights especially in this day and age of digitalization.” Eugene Rigodon, Cebu Bankers Club (CBC) outgoing president, said this as Nestor…
Exchanging of old banknotes Old peso bills belonging to the New Design Series (NDS) will lose their value in July as the Bangko Sentral ng Pilipinas decided to no longer replace them beyond the June 30 deadline.…
Espenilla won’t rush sanctions vs BPI Manila — One week after a supposed glitch affected the accounts of clients of the Bank of the Philippine Islands, the Bangko Sentral ng Pilipinas said Wednesday that its investigation on…
The Cebu Bankers Club (CBC) has assured depositors of BDO Unibank Inc. that the day-to-day operations of the bank will not be affected by recent developments involving the institution and the Cebu City government. In a statement,…
A TRADE official in Central Visayas has sought the assistance of the Bangko Sentral ng Pilipinas (BSP) in obtaining a breakdown of dollar remittances sent to the Philippines by region. Asteria Caberte, director of the Department of…
The Bangko Sentral ng Pilipinas (BSP) urged businessmen, vendors and cash handlers to learn how to tell fake bills from the genuine ones by familiarizing themselves with the security features of the Philippine currency. The New Generation…
Cebu City Councilor Dave Tumulak is asking all internet cafes and printing shops in the city to prohibit the printing of money. He said that printing of currency should only be allowed if it bears the words…
All it took was a computer and a printer in an internet café. Voilà! Fake peso bills were made. Unfortunately for the fake bill maker, policemen got him and seized from him P24,000 worth of fake bills…
The Bangko Sentral ng Pilipinas (BSP) has constantly reminded the public to be vigilant on the proliferation of counterfeit money. Lawyer Leonides Sumbi, BSP Cebu regional director, said the public should be very careful, especially in dealing…
The Bangko Sentral ng Pilipinas (BSP) is reminding the public to let go of their old bills or the New Design Series (NDS) bills because these will lose their value or will be demonitized by Jan. 1,…
CEBU CITY–The Bangko Sentral ng Pilipinas (BSP) has reminded the public anew to have their old banknotes exchanged for new ones because these will no longer hold value by Jan. 1, 2017. Lawyer Leonides Sumbi, BSP Cebu…
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