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RA 11930, or the ‘Anti-OSAEC (Online Sexual Abuse and Exploitation of
Children) and Anti-CSAEM (Child Sexual Abuse or Exploitation Materials) Act’,
which was authored by women empowerment advocate Senator Risa Hontiveros, is a legislation
that can be further boosted by updating the Anti-Money Laundering Law (AML),
which will help combat cyber threats against the youth. This was the central
message of GCash chief compliance officer Atty. Cef Sison during a panel
discussion comprised of the country’s top industry leaders.
“RA 11930 is a powerful legislation that can fight OSAEC. We are bound
by duty under this law to report to the Department of Justice (DOJ) within 24
hours any discovery of OSAEC activities on our platform and to the Anti-Money
Laundering Council (AMLC) within five days. We are also bound by duty to
provide financial documents and information upon order of the court when it has
been established that there is reasonable ground that the transactions are in
violation of RA11930,” said Sison during an anti-OSAEC forum that gathered
public and private stakeholders, including Senator Risa Hontiveros.
On the more technical side, Sison said that GCash is currently exploring
generative artificial intelligence to chase after perpetrators. Sison
established that the traditional AML parameters are no longer sufficient to
keep up with the speed and volume of online transactions. Furthermore, she said
perpetrators are becoming more creative and could already be using generative AI
for their malicious activities.
“We need to process individuals with generative AI to keep up with the
fast pace of new users and transactions,” explained Sison.
Sison also mentioned that perpetrators are abusing their rights to data
privacy, but the principles of law negate this right if the safety of innocent
people is threatened.
“GCash is one with the nation in ensuring the safety and security of
everyone in our quest for financial inclusion,” concluded Sison.
Earlier this November, GCash joined Quezon City Mayor Joy Belmonte and
Senator Risa Hontiveros at the Anti-Online Sexual Abuse and Exploitation of
Children Conference (Anti-OSAEC Conference) held at the Novotel in Quezon City
in celebration of National Children’s Month. The conference was organized by
the Municipal Government of Quezon City, the Center for the Prevention and
Treatment of Child Sexual Abuse (CPTCSA), the Philippine Children’s Ministries
Network (PCMN), and the Mission Alliance (MA) with the support of the Royal
Norwegian Embassy in Manila and Plan International Philippines. Other industry
players in the panel included Globe Telecom and PLDT.
For more information, visit https://www.gcash.com.
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