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FOR SAFE FINANCIAL TRANSACTIONS,

ALWAYS DO THE C-P-R.

CHECK

Think before clicking on links and always verify sources. Verify sources and search it using the BSP Verifier.

PROTECT

Use strong passwords and never share personal and financial information.

REPORT

Immediately report suspicious transactions to your bank or e-money issuer.

ADVISORIES

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Know your Financial Institutions Common Scams and Fraud Where to Report Scammers FAQs

COMMON SCAMS AND FRAUD

Skimming

Illegally capturing personal data from credit/debit cards during legitimate transactions, often using hidden devices

Jackpotting

Installing malicious software on an ATM to gain unauthorized control of its functions

Card cloning

Creating counterfeit credit, debit, or ATM cards, and using it to make fraudulent purchases or withdrawals

Identity theft

Using another person’s personal or financial information to carry out unauthorized transactions

Text scam or smishing (SMS phishing)

Sending fraudulent text messages to obtain personal data, account details, or payments

More info

Phishing

Sending unexpected emails designed to steal personal information, passwords, or banking details

More info

Vishing (voice phishing)

Using calls or voice messages to pose as trusted entities and trick victims into revealing sensitive information

Quishing (QR phishing)

Using malicious QR codes to trick victims into visiting fraudulent websites, providing personal information, or downloading malware

Website spoofing

Creating fake websites that look legitimate to trick victims into entering sensitive information

More info

Fake documents

Issuing fraudulent documents claiming proof of deposits, fund transfers, gold reserves, securities, or investments

More info

Ponzi scam

Offering unrealistic returns in a short period, using money from new investors to pay earlier investors

More info

Pyramiding scam

Requiring investors to recruit others in exchange for promised earnings based on new recruits

Advance fee fraud

Demanding upfront payment without delivering the promised item, service, or payout

Love scams (romance and dating fraud)

Exploiting emotional trust to obtain money, gifts, or personal information

More info

Recruitment fraud

Offering fake job opportunities to collect fees or personal data from job seekers

Sim card fraud

Targeting OTPs, passwords, or authentication details to access accounts illegally

Unauthorized online lenders

Pretending to offer loans on behalf of a legitimate institution while operating outside the law

BANKS	Bank	Banks - institutions engaged primarily in the business of deposit taking and lending
	OBU	Offshore Banking Units in the Philippines - a branch, subsidiary, or affiliate of a foreign bank authorized to conduct banking transactions in foreign currencies
	Representative Office	Representative Offices in the Philippines - a branch, subsidiary, or affiliate of a foreign bank authorized to conduct banking transactions in foreign currencies
MAY BE BANKS OR NON-BANKS	VASP	Virtual Asset Service Providers - entities that facilitate transfer or exchange of virtual assets (digital units that can be used for payments or investments)
	EMI	Electronic Money Issuers - entities that facilitate transfer or remittance of electronic money
	OPS	Operators of Payment System - any person or entity that manages, processes, or enables digital and cash-based fund transfers and clearing
NON-BANKS	NBQB	Non-Banks without Quasi-Banking Functions - financial institutions authorized to borrow funds from 20 or more lenders simultaneously for the purpose of relending or purchasing receivables
	NB w/o QB	Non-Banks with Quasi-Banking Functions - financial institutions authorized to provide financial services but are prohibited from borrowing funds from 20 or more lenders simultaneously
	MSB	Money Service Businesses - non-bank institutions mainly offering remittance and money changing/foreign exchange dealing, and virtual asset services
	Pawnshop	Pawnshops - entities that grant loans by accepting personal property as collateral/security

FOR SAFE FINANCIAL TRANSACTIONS,

ALWAYS DO THE C-P-R.

CHECK

PROTECT

REPORT

COMMON SCAMS AND FRAUD

Skimming

Jackpotting

Card cloning

Identity theft

Text scam or smishing (SMS phishing)

Phishing

Vishing (voice phishing)

Quishing (QR phishing)

Website spoofing

Fake documents

Ponzi scam

Pyramiding scam

Advance fee fraud

Love scams (romance and dating fraud)

Recruitment fraud

Sim card fraud

Unauthorized online lenders

WHERE TO REPORT SCAMMERS

KNOW YOUR FINANCIAL INSTITUTIONS

Banks

Offshore Banking Units in the Philippines (OBUs)

Representative Offices in the Philippines

Virtual Asset Service Providers (VASPs)

Electronic Money Issuers (EMIs)

Operators of Payment System (OPS)

Non-Banks with Quasi-Banking Functions

Non-Banks without Quasi-Banking Functions

Money Service Businesses (MSBs)

Pawnshops

FAQs ABOUT THE VERIFIER