The Monetary Board has disqualified the Entities listed below and any sole proprietorship owned and/or controlled by their respective owners/operators from registering with, and/or obtaining a license from, the BSP to engage in any activity that is authorized or supervised by the BSP for operating as MSB without prior BSP registration.
| Entity | Location | Name of Owner/Operator[1] | |||
| KIDLAT FAST CASH INC.
|
Rusi Bldg., Sta. Rosa St., Poblacion No. 2 (Barangay 2), Dumaguete City,
6200 Negros Oriental |
Ernesto R. Ramas-Uypitching
Don T. Ramas-Uypitching Anita S. Ramas-Uypitching Roberto R. Ramas-Uypitching Nikki J. Ramas-Uypitching Antonio S. Ramas-Uypitching Sr. Tyrone T. Ramas-Uypitching Willis R. Ramas-Uypitching Cristina Ramas-Uypitching Joan S. Ramas-Uypitching Sally S. Ramas-Uypitching Cindy J. Ramas-Uypitching Antonio T. Ramas-Uypitching, Jr.
|
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| TONG’S MONEY CHANGER | Tangnan, Panglao,
6340 Bohol |
Ms. Jered Jane Yap |
The above disqualification is pursuant to Section 901-N of the Manual of Regulations for Non-Bank Financial Institutions, and is part of BSP’s efforts to address the proliferation of entities engaged in the operation of unauthorized MSBs.
[1] Information on the shareholders was extracted from the latest General Information Sheet of KIDLAT FAST CASH INC., filed by Ms. Nikki J. Ramas-Uypitching, Corporate Secretary per her notarized declaration dated 16 March 2020, obtained via the Securities and Exchange Commission Express System on 19 August 2022.
