BSP to raise penalties on breach of payment rules

BSP to raise penalties on breach of payment rules

[Inquirer.net] - 12/16/2024

The Bangko Sentral ng Pilipinas (BSP) will impose penalties and sanctions on financial institutions that would violate the rules governing the use of the country’s system for settlement of payments, with ”stiffer” punishments waiting for repeat offenders. The Monetary Board approved Memorandum (…)



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