The Bangko Sentral ng Pilipinas yesterday warned the public against unscrupulous parties using fraudulent loan documents, deposit certificates, fund transfer documents or other commercial papers allegedly issued, secured or guaranteed by the central bank.
In a statement, the BSP said the fraudsters—pretending to be authorized BSP officials—provide such documents to individuals, corporations or institutions.
“Scammers claim such documents will facilitate financial transactions in favor of the recipients, in exchange for confidential personal or corporate information, and subject to fees or charges,” it said.
The central bank reminds the public that it does not issue or guarantee commercial documents or products like banking forms, fund transfer orders or certificates of deposit.
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The BSP also does not transact with individuals, corporations or institutions at random.
“[The BSP] deals only with authorized or accredited counterparties, mostly BSP-supervised institutions, duly recognized partners, and appropriately contracted suppliers or service providers,” it said.
