Sen. Mark Villar

MANILA, Philippines – Senator Mark Villar, Principal Author of the Anti-Financial Account Scamming Act (AFASA), welcomed the law’s latest gains, saying it is now producing concrete results in the country’s fight against online financial crimes.

One year after AFASA took effect, the Bangko Sentral ng Pilipinas (BSP) reported that the Philippine National Police (PNP) has already filed more than 500 cases against scammers, fraudsters, money mules, and individuals involved in financial account scams.

READ: BSP: Antifraud law may target corrupt officials again

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