Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
President Ferdinand Marcos Jr. on Saturday signed into law two new pieces of legislation aimed at increasing transparency in the government procurement process and protecting the public from financial cybercrimes.Marcos inked Republic Act 12009 or the New Government Procurement Act and RA 12010 or the Anti-Financial Account Scamming Act in a ceremony at Malacañang Palace on July 20, 2024.
The BSP will also be exempted from existing laws on bank secrecy and data privacy to gather sufficient information relative to the commission of prohibited acts under the law.In a separate statement, the BSP said it welcomes the passage of the AFASA."We express our full support for the new anti-financial account scamming law. This will help us strengthen consumer protection and foster trust and confidence in the Philippine financial system," said BSP Governor Eli Remolona, Jr.
New Government Procurement Act Anti-Financial Account Scamming Act Bangko Sentral Ng Pilipinas
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US State Dept. announces anti-human trafficking heroes, including Pinoy lawyerLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Easterlies to bring cloudy skies, scattered rains over parts of PHLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Louisiana is sued for requiring display of Ten Commandments in classroomsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Extreme wildfires doubled over past two decades — studyLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Texas woman accused of attempting to drown 3-year-old Palestinian-AmericanLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Snoop Dogg lights up U.S. trials in sprint, commentary stintLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »