The Central Bank of the Philippines’ Monetary Board approved the cancellation of ETRANSS INTERNATIONAL REMITTANCE CORP’s Certificate of Registration to operate as a Remittance and Transfer Company and as a Type “A” remittance agent with Virtual Currency Exchange service, now referred to as a Virtual Asset Service Provider. The action was taken under Section 902-N as amended by Bangko Sentral ng Pilipinas Circular No. 1108 (series of 2021), in relation to Section 901-N of the Manual of Regulations for Non-Bank Financial Institutions.
Central Bank of the Philippines 2025-01-03
Central Bank of the Philippines cancels ETRANSS International Remittance Corp registration as a remittance and transfer company and virtual asset service provider
The Central Bank of the Philippines' Monetary Board has revoked ETRANSS INTERNATIONAL REMITTANCE CORP's Certificate of Registration to operate as a Remittance and Transfer Company and Virtual Asset Service Provider. This enforcement action was taken under Section 902-N, as amended by Bangko Sentral ng Pilipinas Circular No. 1108, in relation to Section 901-N of the Manual of Regulations for Non-Bank Financial Institutions.