Illegal Casinos Tried Passing Themselves Off as Bakeries and Salons, Prompting Tighter BSP E-Wallet, QR Ph Rules

The Philippine central bank is enforcing stricter vetting rules for e-wallets and QR payments after thousands of illegal online casinos disguised as bakeries and beauty salons were discovered. The new regulations aim to curb money laundering and fraud, requiring more rigorous identity checks and monitoring of merchant accounts.