ASSISTANT GOVERNOR JUAN

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                    [ArticleID] => 327667
                    [Title] => Banks to conduct own probes on counterfeit dollars, says BSP
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) said banks that fell victim to fake dollars known as "super notes" would have to conduct their own internal investigation and run after the clients who deposited the currency to them.


Since currency trading was liberalized, the BSP said dollars and other currencies could move freely in and out of the market without physically passing through the BSP.


Banks are required to monitor and report irregular dollar movements only under specific circumstances defined under the Anti Money Laundering Law.


                    [DatePublished] => 2006-03-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 309134
                    [Title] => BSP wants to regulate 5-6 operators, lending investors
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) said lending investors, including single-proprietorship operations such as traditional 5-6 lenders, should be registered and regulated. 


The BSP said the hurdles and regulatory framework would have to be adapted to the unique operation of these lending investors but they have to fall under some regulatory net. 


                    [DatePublished] => 2005-11-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Banks to conduct own probes on counterfeit dollars, says BSP

By Des Ferriols | March 23, 2006 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) said banks that fell victim to fake dollars known as "super notes" would have to conduct their own internal investigation and run after the clients who deposited the...

Business

BSP wants to regulate 5-6 operators, lending investors

By Des Ferriols | November 28, 2005 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) said lending investors, including single-proprietorship operations such as traditional 5-6 lenders, should be registered and regulated. The BSP said the hurdles and regulatory...

Business