Regulatory Alerts2020-02-09
Added · Updated
PSD Circular Letter No. 02: Ensuring access to information of the transaction through MFS and providing necessary assistance
Mobile Financial Service (MFS) providers are required to supply detailed digital money receipts for all cash-in and cash-out transactions to the Anti-Corruption Commission (ACC) upon request for investigation or inquiry. Providers must also ensure that ACC officers can access customer and transaction data from their databases in real time. Additionally, providers are instructed to take appropriate measures to raise public awareness regarding the prevention of abnormal transactions conducted through multiple accounts.