Rural Banking Goes Digital with BSP’s Support for Cloud-Based Systems
The Bangko Sentral ng Pilipinas (BSP) has launched Memorandum No. M‑2026‑042 to fund rural banks’ migration from legacy information technology (IT) systems to cloud‑based core banking platforms, offering up to three years of subscription support. BSP’s initiative under the Rural Bank Strengthening Program (RBSP) aims to modernize rural lenders, enhance competitiveness, and expand financial inclusion in the digital age. Rural […]
Money Launderers Convicted by the AMLC
The Anti-Money Laundering Council (AMLC) has secured landmark convictions in Davao and Zamboanga against individuals linked to illegal investment schemes. AMLC’s rulings demonstrate the watchdog’s authority to investigate and prosecute money laundering cases, working alongside the Securities and Exchange Commission (SEC), Department of Justice (DOJ), and National Bureau of Investigation (NBI) to safeguard the integrity of the Philippine financial system. Money Launderers Convicted The […]