Disqualification from Registration with the Bangko Sentral ng Pilipinas (BSP) of a Money Service Business (MSB) Operating Without Prior BSP Registration

OFFICE OF THE DEPUTY GOVERNOR I FINANCIAL SUPERVISION SECTOR 051 CIRCULAR LETTER NO. CL-2023-___ To : All Bangko Sentral ng Pilipinas (BSP) Supervised Financial Institutions Subject : Disqualification from Registration with the Bangko Sentral ng Pilipinas (BSP) of a Money Service Business (MSB) Operating Without Prior BSP Registration The Monetary Board, in its Resolution No. 534 dated 13 April 2022, disqualified Riyben Foreign Exchange and any sole proprietorship owned and/or controlled by the owner/operator from registering with the BSP, and/or obtaining a license with the BSP to engage in any activity that is authorized or supervised by the BSP for operating as MSB without prior BSP registration. Entity’s Name Location Owner/Operator Riyben Foreign Exchange Olivarez Plaza, San Jose Mr. Benjamin De Guzman 4120 Tagaytay City, San Juan Cavite For information and guidance. Digitally signed by Arifa A. Ala Date: 2023.09.22 07:01:18 +08'00' ATTY. ARIFA A. ALA Sector-in-Charge __ 22 September 2023