BSP warns against check scams
MANILA, Philippines - The central bank on Wednesday warned the public against scams which ask money from victims in exchange of checks amounting to millions of pesos.
Bangko Sentral ng Pilipinas (BSP), in an advisory, said the checks were allegedly issued by BSP or the former Central Bank of the Philippines.
“The BSP clarifies that it does not issue, secure or guarantee checks and other commercial documents in the name of individuals or private groups,†the central bank said.
It added that as a financial regulator, the BSP transacts only with financial institutions under its supervision.
BSP encourages the public to contact the Financial Consumer Affairs Group through [email protected], the direct line (02) 708-70-87 and the trunkline (02) 708-77-01 local 2584 for more information on the scam.
- Latest
- Trending
