• BSP warns against imposters claiming to be Central Bank employees.
• These scammers are utilizing phone, SMS, and email to request money or information.
• The public is urged to report instances of fraud and stay vigilant.

“The Bangko Sentral ng Pilipinas (BSP) warns the public against unscrupulous individuals who unlawfully represent themselves as employees or authorized representatives of the central bank.”

This is a reminder from the country’s Central Bank after it received some reports that a number of individuals are using both real and fictitious names of BSP personnel, officers, and organizational units in fraudulent acts using mobile numbers and email addresses that resemble legitimate and official BSP sources.

According to the monetary authority, these scammers are making phone calls or sending messages through SMS or email to target their victims and ask about the victim’s private information or even ask for money as fee.

“In the performance of their official functions, the BSP clarifies that its personnel, officers, and units will never solicit money or ask any information or documents involving private individuals’ financial transactions,” the BSP stressed.

To stop these fraudsters, the Central Bank is urging the public to report their activities through the designated channels.

• Address: A. Mabini St. cor. P. Ocampo St., Malate, Manila, Philippines
• Contact Number: (+632) 8811-1277 or 8811-1BSP
• Email Address: bspmail@bsp.gov.ph

“To guard against such misrepresentations, the BSP reminds the public to always remain vigilant, avoid providing personal or financial information to suspicious individuals, and refrain from sending money to unverified recipients,” the monetary agency concluded. 

At the beginning of the current administration, a Facebook page,  “PBBM Pambansang Pabahay Para Sa Pilipono [sic] Program” claimed that the President  is giving away six million units of housing. The claim was quickly debunked, but not before it reached many Filipinos who thought it was true.

Last September, reports reached the office of the Department of Budget Management (DBM)  that there were scammers using fake paperwork to deceive local leaders into signing contracts and paying for accelerated funding of specific projects and initiatives.

DBM Chief Amenah Pangandaman asked the DILG to warn the public against people posing as DBM officials and acting as middlemen to obtain money in exchange for fraudulent promises to speed up the disbursement of the Local Government Support Fund – Financial Assistance under the General Appropriations Act.

This article is published on BitPinas: Beware of Imposters who Act as BSP Employees, Central Bank Reminds Public

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

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• Source: https://bitpinas.com/regulation/fake-bsp-employees/