PH risks losing ₱603B yearly to money mule fraud, report warns

Inquirer.net - Oct 22, 2026

MANILA, Philippines — The Philippines could lose up to P603 billion annually, or nearly 3% of its gross domestic product (GDP), to fraud involving money mule accounts, according to a joint whitepaper by trust tech company IDfy Philippines and Filipino credit bureau CIBI Information Inc. The report, “Mule Hunting: Are We Chasing Ghosts?,” examined Bangko

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PH risks losing ₱603B yearly to money mule fraud, report warns

More News

Comelec delists 50 party-list groups, organizations, coalitions

Mark Villar files bill to cut job-seeking costs for indigent Filipinos

SC: Unprogrammed funds constitutional, but with guardrails

Angara: Classroom building strategy, allocations must be data-driven

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Coast Guard restricts sea travel in parts of Bicol

Extreme heat gripped Calamba City; Talisay, Batangas

DOF eyes general tax amnesty bill by year-end

Batangas police file murder raps vs 8 suspects in village chief’s slay

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