The Bangko Sentral ng Pilipinas (BSP) issued a public warning urging consumers to avoid transacting with individuals or groups that misrepresent themselves as connected to, or supervised by, the BSP. The advisory reiterates that the BSP and its staff do not provide loans, solicit donations, or request information that could compromise a consumer’s financial account. It also states that the BSP does not offer or administer deposit accounts for individuals and does not participate in private individuals’ transactions. The BSP encouraged the public to contact the central bank to verify claims by purported BSP representatives or to report illegal or fraudulent activities.
Central Bank of the Philippines 2025-08-20
Bangko Sentral ng Pilipinas warns the public against impostors claiming BSP affiliation or oversight
The Bangko Sentral ng Pilipinas (BSP) issued a warning advising consumers to avoid dealings with entities falsely claiming affiliation with the BSP. The advisory clarifies that the BSP does not provide loans, solicit donations, or manage individual deposit accounts. The public is urged to verify claims and report fraudulent activities to the BSP.