One of the entities disqualified was Vility Foreign Exchange Services located in Batangas City, with Lilian Almazan as a point person.
The Monetary Board also disqualified H&F Foreign Exchange Services located in Dagupan City in Pangasinan, with Harlika Padilla as the point person. The BSP said the two entities and any sole proprietorship owned and/or controlled by the respective owners or operations will be disqualified from obtaining a license to engage in any activity supervised by the BSP.
Under its mandate, the BSP primarily maintains price stability, along with regulating the Philippine financial sector.
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