BSP Memoranda BSP Memoranda No. M-2026-018BSP Memoranda No. M-2026-018 2026-05-07T00:00:00.000+08:00

Implementation of the International Transactions Reporting System (ITRS)

018 MEMORANDUM NO. M-2026-___ To : ALL BANKS Subject : Implementation of the International Transactions Reporting System (ITRS) Further to BSP Memorandum No. M-2025-016 dated 15 May 2025,1 the timeline of the implementation of the ITRS is revised as follows: Schedule Activity Full Implementation Date 1 July 2027 ITRS Full Implementation for Rural and Digital banks 1 October 2027 ITRS Full Implementation for Universal, Commercial and Thrift banks This memorandum supersedes prior communications to banks on the schedule of the ITRS implementation. Furthermore, the FX Form 1/1A reports shall continue to be submitted regularly according to the existing policy, until otherwise advised by the Bangko Sentral ng Pilipinas. For ITRS queries and related concerns, kindly contact the Department of Economic Statistics (DES) at [email protected] or at (02) 87087692. For information and compliance. Digitally signed by Zeno Ronald R. Abenoja Date: 2026.05.07 18:15:40 +08'00' ZENO RONALD R. ABENOJA Deputy Governor 07 May 2026 1 https://www.bsp.gov.ph/Regulations/Issuances/2025/M-2025-016.pdf

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