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MANILA, Philippines – The Bangko Sentral ng Philippines (BSP) warned the public to be vigilant against people soliciting money in exchange for checks made to appear as issued by the central bank.
In an advisory released Wednesday, July 24, BSP said it “does not issue, secure or guarantee checks or other commercial documents in the name of individuals or private groups.”
Scammers have been passing themselves off as authorized representatives of the central bank, asking for money in exchange for fraudulent checks that are supposedly worth millions of pesos, said BSP.
BSP clarified that as a financial regulator, it deals only with institutions under its supervision, not private individuals.
To know more about the fake check scam, the BSP advised the public to call its Financial Consumer Affairs Group at numbers (02) 708-7087 (direct) and (02) 708-7701 (trunkline) local 2584, or email them at consumeraffairs@bsp.gov.ph. – Shadz Loresco, Rappler.com
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