The Central Bank of the Philippines published a supervisory update on the CIMB incident involving unauthorized fund transfers, instructing the bank to promptly address the root cause. Based on CIMB’s latest updates, the funds of all affected customers have been restored to their accounts. CIMB is conducting a thorough investigation to prevent a recurrence of similar incidents. The central bank remains in ongoing engagement with CIMB and indicated it stands ready to take necessary supervisory actions, with further updates to be provided through official communications from CIMB and the central bank.
Central Bank of the Philippines 2025-04-29
Central Bank of the Philippines instructs CIMB to address unauthorized fund transfers as affected customers are reimbursed
The Central Bank of the Philippines issued a supervisory update on the CIMB incident involving unauthorized fund transfers, confirming that affected customers' funds have been restored. CIMB is investigating to prevent future occurrences, with the central bank maintaining engagement and readiness to take necessary actions. Further updates will be communicated by CIMB and the central bank.