British Chamber anticipates Anti-Financial Account Scamming Act’s swift passage

THE British Chamber of Commerce Philippines has welcomed Congress’ adoption of the Senate’s third reading version of the proposed Anti-Financial Account Scamming Act .

Having been approved by both Houses, AFASA is now awaiting the Chief Executive’s signature. As emphasized in the measure, it aims to protect the public from cybercriminals and fraudulent activities within electronic commerce and financial industries. “Cybersecurity is a worldwide issue, and is not just impacting the Philippines. In that context, I would stress two key points: the first is the Cybersecurity Act and the are both priorities of the government. We think that’s very important to get passed in this period,” said Nelson.

In a statement, the British Chamber commends the efforts of the Philippine government in penalizing cyber-related crimes. It also emphasized on the significance of the growing relationship of the Philippines with the United Kingdom as one of the major players, and is known for its cybersecurity excellence.

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