BusinessWorld E-paper
August 29, 2023
THE PHILIPPINE central bank remains vigilant against money laundering and terrorism financing risks posed by the rise in transactions using virtual assets such as cryptocurrency.
“As virtual assets continue to surge both in users and transactions, the BSP anticipates that different types of risks, including anti-money laundering and countering the financing of terrorism (AML/CFT), may contribute to higher risk exposure,” Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier told BusinessWorld via Viber message.
