AML/CFT

What changed in MORB/MORNBFI for banks and quasi-banks: updated financial intermediary definition, bond and commercial paper issuance rules, and lender-count guidance.

New BSP rules limit large cash payouts above PHP 500,000, require non-cash channels, and mandate enhanced due diligence and STR protocols.

AFASA rules for disputed fund holds: triggers, timelines, coordinated verification, reporting, and transition periods for BSIs.

Rules for BSP CAPO inquiries and information sharing under AFASA: scope, request requirements, inquiry orders, disclosure timelines, and safeguards.

IT risk and fraud controls for EPFS: FMS requirements, transaction pause rules, customer protections, and CSO obligations under AFASA.