BSP: Anti-money laundering law to bar dirty cash from casinos

Inquirer.net 07/19/2017

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…

Banking exec: New gov to take BSP to new heights

Victor Anthony V. Silva 07/04/2017

“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…

No more extension after June 30 deadline — BSP

Inquirer.net 06/18/2017

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.…

BSP: Investigation on BPI glitch ‘will take time’

Inquirer.net 06/14/2017

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…

Club assures BDO depositors: Bank’s case vs Cebu City won’t affect operations

Victor Anthony V. Silva 04/10/2017

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,…

DTI wants OFW remittance data for CV

Victor Anthony V. Silva 03/15/2017

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…

BSP to cash handlers: Learn security features of peso bills

Inna Mejia, Jose Santino S. Bunachita, Victor Anthony V. Silva 01/23/2017

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…

Tumulak warns internet cafes: Don’t print fake money

Jose Santino S. Bunachita 01/23/2017

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…

COUNTERFEITER CAUGHT

Ador Vincent S. Mayol 01/21/2017

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…

‘If it’s smooth, it’s fake’

Victor Anthony V. Silva 01/21/2017

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…

‘Let go of old bills on or before Dec. 29’

Victor Anthony V. Silva 12/20/2016

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,…

Old peso bills to lose value by January

Victor Anthony V. Silva 12/20/2016

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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