DOJ, BSP team up to crack down on bank scams under AFASA
The DOJ and BSP have signed an information-sharing agreement under AFASA to speed up investigations into financial account scams, including SIM swap fraud and…
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38 results for “AFASA”
The DOJ and BSP have signed an information-sharing agreement under AFASA to speed up investigations into financial account scams, including SIM swap fraud and…
BSP says easing bank secrecy laws will strengthen the Anti-Financial Account Scamming Act (AFASA), enabling authorities to target financial criminals,…
‘We were successful in the passage of the AFASA in the 19th Congress, and through this bill, we will continue to fight against scammers in order to protect…
Institutions should act within 24 to 48 hours of receiving a report, freeze accounts promptly, update the account holder, and work with other financial…
Under Section 7 of AFASA, banks and financial institutions are authorized to impose a temporary hold on funds that are the subject of a disputed transaction.
The Philippine National Police Anti-Cybercrime Group (PNP-ACG) recorded seven cybercrime convictions in July, highlighting successful enforcement of the…
The Department of Justice and Bangko Sentral ng Pilipinas signed an information-sharing agreement to strengthen investigations and prosecution of financial…
The Bangko Sentral ng Pilipinas and Department of Justice have signed a landmark data-sharing agreement under the Anti-Financial Account Scamming Act to speed…
Individuals found guilty of acting as money mules may face civil and criminal liabilities, including imprisonment of up to 14 years and fines of up to P5…
The PNP Anti-Cybercrime Group recorded seven convictions in July involving cyber-enabled offenses, including financial account scams, grave threats, SIM…
The Bangko Sentral ng Pilipinas and the Department of Justice have signed an information-sharing agreement under the Anti-Financial Account Scamming Act to…
Banks must deploy stronger fraud management systems capable of detecting suspicious transactions in real time.
The DOJ has found sufficient evidence to file charges against Chinese national Gong Wen Li a.k.a. "Kelly" over the kidnapping and killing of businessman Anson…
Chinese-led scam hubs are reportedly hiding in plain sight, operating inside guarded and gated subdivisions to evade law enforcement, the National Bureau of…
