Regulatory Alerts2025-01-17
CL-2025-021: Disqualification from Registration with the Bangko Sentral ng Pilipinas (BSP) of Money Service Businesses (MSBs) Operating Without Prior BSP Registration
The Monetary Board of the Bangko Sentral ng Pilipinas issued Circular Letter CL-2025-021 to enforce the disqualification of four specific entities from registering as Money Service Businesses. The directive prohibits Hanie Money Services, Jonathan Sarioy Changer, Czasha Changing, and Rajahs Money from obtaining BSP licenses due to their operation without prior registration. This action also extends to any sole proprietorships owned or controlled by the respective operators of these disqualified entities.
. I , 14 To BANGKO SENTRAL NG PILIPINAS Subject OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR CIRCULAR LETTER No. cL-2025- 021 All Bangko Sentral rig Pilipinas IBSPj Supervised Financial Institutions The Monetary Board, in its Resolution No. 1260 dated 30 October 2024, disqualified the four (4) entities listed below and any sole proprietorship owned and/or controlled by their respective owners/operators from registering with the Bangko Sentra/ rig Piffpinas (BSP), and/or obtaining a license from the BSP to engage in any activity that is authorized or supervised by the BSP for operating as Money Service Business (MSB) without prior BSP registration. Disqualification from Registration with the Bangko Sentra/ rig Pil^, mastBSP) of Money Service Businesses IMSBs) Operating Without Prior BSP Registration I. Hanie Money Services (Hanie) Entity's Name 2. Jonathan Sarioy Changer (Jonathan) 3. Czasha (Czasha) Changing 4. Rajahs (Rajahs) Money Money 1227 A Mabini St. cor. P. Faura St. , Ermita. 072, Bgy. 667, Manila Location Money Changer LS-05 Main Station Bldg. Tutuban Center C. M. Recto Ave. , Tond0, 004. Bgy 48, Manila For information and guidance. Changer 1620 A. Mabini St. . Malate 076 Barengay 699. Manila Cit , Metro Manila OwnedOperator/Contact Person 173anuary 2025 IC 15 & 17 GIF 999 Shopping Mall Bldg. 2 Soler St. . Binond0. 028. Bgy. 293 Manila Jabail, Karim B. Sarioy, Jonathan A. Fernandez. Mama G. Urn, James Michael D. C CHI G. FONACIER eputy Governor ,