MANILA, July 24 (Mabuhay) — The Bangko Sentral ng Pilipinas Wednesday warned the public against a scam that asks for money from unsuspecting individuals in exchange for checks worth millions of pesos.
In an advisory, the central bank said the checks were “supposedly issued by the BSP or the former Central Bank of the Philippines.”
“The BSP clarifies that it does not issue, secure or guarantee checks and other commercial documents in the name of individuals or private groups,” it said.
The central bank statement explained that “as a financial regulator, the BSP transacts only with financial institutions under its supervision.”
It urges the public to call or get in touch with the central bank’s Financial Consumer Affairs Group through email@example.com, the direct line (02) 708-70-87 and the trunkline (02) 708-77-01 local 2584 for more information on this scam. (MNS)