GoTyme Bank and the Department of Justice (DOJ) have signed a Memorandum of Agreement to enhance law enforcement investigations and prosecution strategies for fighting fraud and cybercrime. The agreement leverages the Cybercrime Prevention Act of 2012 and prepares for the implementation of the Anti-Financial Account Scamming Act.
GoTyme Bank and the Department of Justice (DOJ) have signed a Memorandum of Agreement (MOA) to strengthen their commitments to fighting fraud and cybercrime. The agreement outlines a collaborative framework designed to enhance law enforcement investigations and prosecution strategies, with the shared goal of effectively combating financial fraud and cybercrime.
The number of scam attempts in the Philippines has surged, with a 200% increase in scam calls and text messages in the first eight months of 2024 compared to the previous year. Between January 1 and August 15, Whoscall's community reported over 3 million text scams and 321,000 scam calls. As part of the agreement, GoTyme Bank and the DOJ aim to address these challenges by leveraging the Cybercrime Prevention Act of 2012 and preparing for the implementation of the Anti-Financial Account Scamming Act
Gotyme Bank Department Of Justice Memorandum Of Agreement Cybersecurity Fraud Cybercrime Anti-Financial Account Scamming Act Cybercrime Prevention Act
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