Globe Telecom supports the new Anti-Financial Account Scamming Act (AFASA) signed by the Philippines' President, aimed at combating online fraud.
Globe Telecom supports the new Anti-Financial Account Scamming Act (AFASA) signed by the Philippines' President, aimed at combating online fraud by regulating financial account use and preventing misuse in cybercrimes. The law complements existing security measures and empowers the Bangko Sentral ng Pilipinas to investigate suspicious accounts. Heavier penalties for financial fraud, including imprisonment and significant fines, have been imposed.
July 28, 2024
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