The Bangko Sentral ng Pilipinas (BSP) will require financial entities that are not digital banks but operating and behaving like one to convert their existing license to that for virtual lenders so they can be regulated properly, an official said. S
" alt="Alice Guo" width="1200" height="1747" data-lazy-src="https://newsinfo.inquirer.net/files/2024/10/840788.jpeg"> Nio Jesus Orbeta MANILA, Philippines The Anti-Money Laundering Council (AMLC) has already begun action proceedings against banks in
INQUIRER FILE PHOTO MANILA, Philippines Total assets of the Philippine banking sector increased by 11.3 percent as of end-September this year. Data released by the Bangko Sentral ng Pilipinas (BSP) showed that the total assets of the banking sector