BSP Circular Letter No. 42 (2026)
Cancellation of the Bangko Sentral ng Pilipinas (BSP) Registration as Remittance Agent with Money Changing/Foreign Exchange Dealing operations of ONE X C CORPORATION
BANGKO SENTRAL NG PILIPINAS
FINANCIAL SUPERVISION SECTOR | OFFICE OF THE DEPUTY GOVERNOR
CIRCULAR LETTER NO. CL-2026- 042
To : ALL BANGKO SENTRAL NG PILIPINAS (BSP)-SUPERVISED FINANCIAL INSTITUTIONS
Subject : Cancellation of the Bangko Sentral ng Pilipinas (BSP) Registration as Remittance Agent with Money Changing/Foreign Exchange Dealing operations of ONE X C CORPORATION
The Monetary Board, in its Resolution No. 492.A dated 04 June 2026, approved the cancellation of the BSP registration of ONE X C CORPORATION as Remittance Agent with Money Changing/Foreign Exchange Dealing operations. The cancellation was made in accordance with Section 001-M! (previously Section 901- N) of the Manual of Regulations for Non-Bank Financial Institutions (MORNBEFI), in view of the serious and/or persistent violations of the following:
a) Section 201-M (previously Section 601-N) of the MORNBEFI, in relation to Part 9 of the Q Regulations of the MORNBFI and Republic Act No. 9160 (The Anti- Money Laundering Act of 2001), as amended, and its Revised Implementing Rules and Regulations;
b) Other provisions and requirements of the M-Regulations (previously Part Nine of the N Regulations) of the MORNBFI, which include substantial non-compliance in the Deed of Undertaking.
For information and guidance.
Digitally signed by
Lyn I. Javier
Date: 2026.09.02
15:51:52 +08'00' LYN I. JAVIER
Deputy Governor
02 September 2026
'As constituted under Circular 1206 dated 23 December 2024.