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Beware of Fake BSP Checks

07.24.2013

The Bangko Sentral ng Pilipinas (BSP) warns the public against unscrupulous individuals who solicit money in exchange for checks made to appear as issued by the BSP or the former Central Bank of the Philippines. The fake checks are passed off to be worth millions of pesos. 

As part of the modus operandi, the scammers pretend to be authorized BSP representatives.
The public is advised that:

  • The BSP does not issue, secure or guarantee commercial documents such as checks in the name of individuals or private groups;
  • The BSP does not engage in financial transactions with private individuals; 
     
  • As financial regulator, the BSP only transacts with financial institutions under its supervision.

For further information, you may contact:
FINANCIAL CONSUMER AFFAIRS GROUP
Supervision and Examination Sector
BANGKO SENTRAL NG PILIPINAS
5TH Floor, Multi-storey Building, BSP Complex
A.Mabini Street, Malate, Manila 1004
E-mail address: consumeraffairs@bsp.gov.ph
Telephone No.: (02) 708-7087 (direct line)
(02) 708-7701 local 2584 (trunkline)

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