BSP says 4 suspects nabbed for fake banknotes | ABS-CBN
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
BSP says 4 suspects nabbed for fake banknotes
BSP says 4 suspects nabbed for fake banknotes
ABS-CBN News
Published Mar 21, 2022 11:05 AM PHT
|
Updated Mar 21, 2022 11:06 AM PHT
MANILA - The Bangko Sentral ng Pilipinas on Monday said 4 suspects were arrested in Pampanga for counterfeiting Philippine banknotes.
MANILA - The Bangko Sentral ng Pilipinas on Monday said 4 suspects were arrested in Pampanga for counterfeiting Philippine banknotes.
In a statement, the BSP said it assisted the National Bureau of Investigation (NBI) in enforcement operations in Pampanga and Tarlac that led to the arrest on Jan. 19.
In a statement, the BSP said it assisted the National Bureau of Investigation (NBI) in enforcement operations in Pampanga and Tarlac that led to the arrest on Jan. 19.
A total of 161 counterfeit Philippine currency banknotes and 78 fake foreign banknotes were confiscated, the central bank said.
A total of 161 counterfeit Philippine currency banknotes and 78 fake foreign banknotes were confiscated, the central bank said.
The 4 suspects were charged with illegal possession and use of false treasury or banknotes and other instruments of credit.
The 4 suspects were charged with illegal possession and use of false treasury or banknotes and other instruments of credit.
ADVERTISEMENT
"The central bank, together with law enforcement agencies, such as the NBI, has been actively conducting joint anti-counterfeiting operations," the BSP said.
"The central bank, together with law enforcement agencies, such as the NBI, has been actively conducting joint anti-counterfeiting operations," the BSP said.
In the Philippines, those caught making fake bills face imprisonment of up to 20 years and a fine not exceeding P2 million.
In the Philippines, those caught making fake bills face imprisonment of up to 20 years and a fine not exceeding P2 million.
The BSP is encouraging the public to report any information on counterfeiting activities to the nearest police station or to the central bank's Currency Investigation Group (PCIG) through telephone numbers (02) 8988-4833 and (02) 8926-5092 or via email at pcig@gov.ph.
The BSP is encouraging the public to report any information on counterfeiting activities to the nearest police station or to the central bank's Currency Investigation Group (PCIG) through telephone numbers (02) 8988-4833 and (02) 8926-5092 or via email at pcig@gov.ph.
The central bank earlier advised the public to always inspect bills, even those from automated teller machines (ATMs).
The central bank earlier advised the public to always inspect bills, even those from automated teller machines (ATMs).
RELATED VIDEO:
ADVERTISEMENT
ADVERTISEMENT
