Regulation Archives | Page 3 of 28

Immigration Confirms Rescuing 6 Alleged Victims of Chinese Mafia Forcing OFWs to be Crypto Scammers

As per the BI, the immigration officer who cleared the passengers for departure is now being investigated and has been relieved temporarily.

The draft aims to impose on scammers a fine of ₱50k to ₱10m for each investment fraud and at least ₱10k per day of continuing violation.

The Bangko Sentral ng Pilipinas expects inflation rate in the country to continually decrease until it reaches just 2% by 2024.

SEC has issued a warning to the public regarding FDMS Business which is allegedly soliciting investments without the necessary license.

Oriental Peak Mining promises a guaranteed 5% daily profit, or a total profit of 300% for 60 days, 225% for 45 days, or 100% for 15 days.

The investment scheme offered by these entities is considered a form of “investment contract” as defined by the Securities Regulation Code.

BSP Dir. Glindro said that since the pilot is for wholesale CBDC, it is only limited to a number of participating financial institutions.

SEC says TRADING CARTEL is not registered with the Commission as a corporation or partnership, and is not authorized to solicit investments.

Since 2022, the SEC has added social media influencers to the list of individuals that may be criminally liable for being involved in schemes.

The entity demands an investment ranging from ₱400.00 to ₱7,700.00 and takes about 25 to 150 days to double the invested money.