The Central Bank of the Philippines signed separate information sharing agreements with the National Bureau of Investigation, the Cybercrime Investigation and Coordinating Center, and the Securities and Exchange Commission to enable the lawful sharing of confidential financial account information in support of investigations into scams and related offences. The agreements set out procedures for obtaining information from the BSP’s Consumer Account Protection Office on financial accounts linked to scams, aligned with the Anti-Financial Account Scamming Act and its implementing rules under BSP Circular 1214. They are intended to support the NBI and CICC in building cases involving AFASA violations and allow the SEC to access information relevant to its regulatory mandate, including adjudicating financial consumer complaints, subject to safeguards for bank secrecy and data privacy.
Central Bank of the Philippines 2026-02-20
Central Bank of the Philippines signs information sharing agreements with the NBI, CICC and SEC to support anti-scam investigations under AFASA
The Central Bank of the Philippines has signed information-sharing agreements with the National Bureau of Investigation, the Cybercrime Investigation and Coordinating Center, and the Securities and Exchange Commission. These agreements facilitate the lawful exchange of confidential financial account information to support investigations into scams, aligning with the Anti-Financial Account Scamming Act and BSP Circular 1214, and include safeguards for bank secrecy and data privacy.