Banco de Oro Unibank Inc. (BDO) has escaped supervisory action from the Bangko Sentral ng Pilipinas even as its automated teller machines were compromised in June.
Highly placed sources told reporters that during a recent Monetary Board meeting, the BSP’s highest policymaking body deemed that the bank had been compliant with the BSP’s requirements.
“They’re able to address [the issue] at that time,” a source said.
Also, BDO followed the BSP’s regulation wherein affected customers had to be reimbursed, as mandated under the liability shift framework, the source said.
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As such, BDO will not be slapped any sanction, according to sources.
In June, BDO reported that some incidents of “skimming” that affected several BDO ATMs.
