Philippine central bank probes online fraud complaints at banks – The Peninsula Qatar

Philippine central bank probes online fraud complaints at banks – The Peninsula Qatar

The Philippine central bank is looking into complaints that some clients of BDO Unibank Inc., the country’s largest lender by assets, lost money to online fraud that involved the use of Union Bank of the Philippines accounts.

"We are in close coordination with BDO as well as UBP on this incident to ensure that remedial measures are being undertaken, including reimbursement of affected consumers,” central bank Governor Benjamin Diokno said in a statement on Sunday. The regulator has been monitoring a surge in complaints posted in social media since the early part of this week, he said.