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BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Anxiety About Money
If I had a million dollars. We often think of money as a fast track to satisfaction. Yet Ecclesiastes 5:10 points out that the lover of money will never be satisfied. There is never an amount of money that is enough. Money promises security, but it never completely delivers. If money can’t bring us real […].....»»
NZ designates entirety of Hamas as terrorist entity
Prime Minister Christopher Luxon and Foreign Minister Winston Peters have announced today the designation of Hamas in its entirety as a terrorist entity. "The terrorist attacks by Hamas in October 2023 were brutal and we have unequivocally condemned them," Mr Luxon says. Following these attacks, then Prime Min.....»»
NIA chargesheets two Khalistan Terrorist Force members deported from Philippines recently
New Delhi [India], February 1 (ANI): The National Investigation Agency (NIA) on Thursday filed a chargesheet against two Khalistan Terrorist Force (KTF) members namely Manpreet Singh and Mandeep Singh, who were deported from the Philippines recently. NIA has named the two, identified as associates of 'listed individual terrorist' Arshdeep Singh alias Arsh Dalla, in its second supplementary chargesheet in the case. As per.....»»
NIA chargesheets two Khalistan Terrorist Force members deported from Philippines recently
New Delhi [India], February 1 (ANI): The National Investigation Agency (NIA) on Thursday filed a chargesheet against two Khalistan Terrorist Force (KTF) members namely Manpreet Singh and Mandeep Singh, who were deported from the Philippines recently. NIA has named the two, identified as associates of 'listed individual terrorist' Arshdeep Singh alias Arsh Dalla, in its second supplementary chargesheet in the case. As per.....»»
BSP tightens crackdown vs money counterfeiters
The Bangko Sentral ng Pilipinas has intensified its anti-counterfeiting operations, leading to the confiscation of more than P35 million worth of fake banknotes since 2010......»»
For 5th time, Philippines gets ‘Dirty Ashtray’ award
For the fifth time, the Philippines has received the “Dirty Ashtray” award for “blocking” global tobacco control efforts......»»
Unjust vexation case vs students in dirty finger selfie junked
CEBU CITY, Philippines – The unjust vexation charge against the two university students in a “dirty finger” photo with policemen during the Sinulog festival has been dismissed by the court on Friday, January 26, On Sunday, January 21, 2024, two male students were arrested for allegedly posing for a picture while holding up their middle.....»»
2 engineering students cleared after flashing dirty fingers during a selfie
2 engineering students cleared after flashing dirty fingers during a selfie.....»»
Nag-dirty finger gipasaylo, gikiha
Nag-dirty finger gipasaylo, gikiha.....»»
Unjust vexation raps filed vs students in ‘dirty finger’ selfie
CEBU CITY, Philippines – Unjust vexation charges have been filed by the police against the two male students who took a selfie with a ‘dirty finger’ using policemen as background. The two were arrested in Barangay San Roque, Cebu City on Sunday, January 21, 2024. Police Lieutenant Colonel Gerard Ace Pelare, spokesperson of the Police.....»»
UP Fighting Maroons reloads at the point guard spot by recruiting UAAP Mythical Five guard Rey Remogat
UP Fighting Maroons reloads at the point guard spot by recruiting UAAP Mythical Five guard Rey Remogat.....»»
Anti-Terrorism Council redesignates CPP-NPA as terror group
The Anti-Terrorism Council (ATC) has maintained the terrorist designations of the Communist Party of the Philippines – New People’s Army (CPP-NPA) as well as the Islamic State East Asia (ISEA) and other Daesh-linked groups and has tagged an individual linked to various activities of communist rebels as a terrorist......»»
New UNODC research on child recruitment and exploitation by terrorist groups shows need for a united front on child protection
Children around the world are victims of a serious form of violence: recruitment and exploitation by terrorist groups. Recognizing the gravity of this situation and the scarcity of related data and evidence, the UN Office on Drugs and Crime (UNODC), together with national research partners and the support of the European Union, launched a new study Targeted by Terror.....»»
Sulu residents led cops to lair of woman tagged as terrorist
The support of Muslim clerics in Sulu helped government operatives arrest the most wanted terrorist in the Bangsamoro region, linked to transnational terror groups. .....»»
US-designated ‘global terrorist’ woman arrested in Sulu
A woman classified as a “specially designated global terrorist” by the United States for her involvement in international terror groups was arrested at dawn yesterday in Indanan, Sulu......»»
BI foils entry of Belgian ‘terrorist’ into Philippines
The Bureau of Immigration has foiled the entry into the country of a suspected Belgian terrorist and his female companion......»»
3 terrorist hideouts captured in Lanao del Sur
Government security forces captured three suspected hideouts of terrorist group Dawlah Islamiyah following a series of raids in the hinterlands of Balindong, Lanao del Sur on Sunday......»»
SEC moves to help Philippines exit from FATF gray list
The Securities and Exchange Commission (SEC) plans to further raise the compliance rate among corporations for reporting beneficial ownership, a move that will support the country’s bid to exit the global ‘dirty money’ gray list this year......»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»