PASIG CITY, May 26 (PIA) – The Bangko Sentral ng Pilipinas (BSP) warns public anew of another financial crime taking advantage of public health emergency. 
In a news release, the BSP advised the public to be careful of a COVID-19 financial crime in the guise of online sex trafficking and exploitation.
The BSP said, the COVID-19 financial crime takes place when fund transfers or digital payments are made for online sex trafficking or child exploitation especially during the community quarantine period.
“The public and BSP-supervised financial institutions (BSFIs) are reminded to remain vigilant and to take necessary precautionary measures against these new patterns of criminal behavior as well as emerging typologies on money laundering/terrorism financing (ML/TF) activities and other financial crimes being perpetrated amid the COVID-19 pandemic.”
For more information and updates, follow the BSP official Facebook page https://ift.tt/3g1oRQ6 or visit their website at www.bsp.gov.ph.
Meanwhile, the Philippine National Police also warns those who access and distribute sexual abuse and exploitation materials online.
To report, the public may contact #AlengPulis at 0919-777-7377 or (02) 723-0401 local 5261. (BSP/PNP/PIA-NCR)
Source: Philippines Information Agency (pia.gov.ph)
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