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The Bangko Sentral ng Pilipinas (BSP) is actively encouraging all banks to promote and communicate National Banking Week on Jan. 1 to 7, 2023 to the general public, especially its message on cybersecurity. In a circular letter released on Wednesday, Dec. 28, BSP Governor Felipe M. Medalla said the
The Bangko Sentral ng Pilipinas (BSP) will implement the Advance Suptech Engine for Risk-based Compliance or ASTERisC* on Jan. 1, 2023, marking the start of a digitalized supervisory and regulatory bank and non-bank processes. BSP building and logo/Reuters BSP Deputy Governor Chuchi G. Fonacie
The Bangko Sentral ng Pilipinas (BSP) on Thursday, Sept. 1, said it will soon deploy its recently completed Advanced SupTech Engine for Risk-Based Compliance (ASTERisC*) among selected BSP supervised financial institutions (BSFIs) to strengthen the industry’s cybersecurity through technology-based s
The Bangko Sentral ng Pilipinas is further raising the bar for cyberdefense in the financial services industry to bolster the regulatory and supervisory environment for cybersecurity as more Filipinos are wary about fraud and scams.
Many AML frameworks are designed specifically for banks. If your non-bank organization is required to conduct AML compliance, but follows a bank-tailored policy, it can lead to numerous missteps...