BSP disqualifies 5 unregistered money service businesses

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has disqualified five money service businesses operating without prior registration, barring their owners from running other sole proprietorships as well. The Monetary Board, the BSP’s policy-making body, named Shara-P Money Changing Services and Downtown Money Changer among the five entities disqualified for operating without the central bank’s