BSP wields new AFASA Law in probe of flood-control corruption accounts
The Bangko Sentral ng Pilipinas (BSP) has stepped into the widening flood-control corruption controversy, using its newly granted powers under the Anti-Financial Account Scamming Act (AFASA) to investigate suspicious bank accounts tied to the scandal. The move marks the first time the central bank is invoking Republic Act No. 12010, also known as AFASA, which […]