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Beware of online sex trafficking, exploitation amid community quarantine

March 14, 2021 Uncategorized

PASIG CITY, May 26 (PIA) – The Bangko Sentral ng Pilipinas (BSP) warns public anew of another financial crime taking advantage of public health emergency. 

In a news release, the BSP advised the public to be careful of a COVID-19 financial crime in the guise of online sex trafficking and exploitation.

The BSP said,  the COVID-19 financial crime takes place when fund transfers or digital payments are made for online sex trafficking or child exploitation especially during the community quarantine period.

“The public and BSP-supervised financial institutions (BSFIs) are reminded to remain vigilant and to take necessary precautionary measures against these new patterns of criminal behavior as well as emerging typologies on money laundering/terrorism financing (ML/TF) activities and other financial crimes being perpetrated amid the COVID-19 pandemic.”

For more information and updates, follow the BSP official Facebook page  https://www.facebook.com/BangkoSentralngPilipinas/ or visit their website at www.bsp.gov.ph.

Meanwhile, the Philippine National Police also warns those who access and distribute sexual abuse and exploitation materials online.

To report, the public may contact #AlengPulis at 0919-777-7377 or (02) 723-0401 local 5261. (BSP/PNP/PIA-NCR)

source https://pia.gov.ph/news/articles/1042856

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