BSP and SEC will jointly oversee money changers

Bangko Sentral ng Pilipinas and the Securities and Exchange Commission have agreed jointly to monitor operations of money changers and non-bank remittance centers. The central bank will regulate these firms while the SEC will supervise them, BSP governor Rafael Buenaventura said.

Source: INQ7money

The Philippine central bank and the Securities and Exchange Commission (SEC) have agreed to jointly monitor the operations of money changers and non-bank remittance centers to help plug all potential

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