Monetary penalty guidelines for bank violations

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BSP CIRCULAR NO. 496: Monetary penalty guidelines for bank violations

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Title Source: Supreme Court: Monetary penalty guidelines for bank violations

Law: Bsp Circular No. 496

Decision Date: Sep 29, 2005

BSP Circular No. 496 establishes monetary penalty guidelines for banks and quasi-banks, categorizing offenses as serious, less serious, or minor, with penalties determined by the nature of the offense and the institution's asset size, while considering aggravating and mitigating factors in the imposition of sanctions.

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