The Bangko Sentral ng Pilipinas (BSP) recently honored Cebuana Lhuillier for its outstanding contributions to strengthening the country’s financial security policies. As one of the Philippines’ most trusted financial institutions, Cebuana Lhuillier has long been committed to supporting government initiatives aimed at ensuring financial stability, transparency, and security. The company’s efforts in collaborating with various government agencies have played a pivotal role in uplifting communities while also complying with legal and regulatory frameworks.
The recognition came during the NACC-SFISC Stakeholder Appreciation Program, held on March 5, 2025, at the BSP Complex in Manila. Cebuana Lhuillier’s continuous partnership with the BSP and other government bodies has helped enhance compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) standards. As part of this collaboration, the company played a vital role in supporting the BSP's Asia Pacific Joint Group Onsite Assessment Activities, a significant effort aimed at strengthening financial security in the region. Their involvement underscored Cebuana Lhuillier’s commitment to implementing and adhering to global financial security standards.
The award, a Certificate of Appreciation, was presented by the National Anti-Money Laundering/Countering the Financing of Terrorism Coordinating Committee (NACC) through the Supervision of Financial Institutions Sub-Committee (SFISC). This recognition highlights Cebuana Lhuillier’s dedication to financial governance and its ongoing efforts to foster collaboration between the private sector and government agencies in safeguarding the country’s financial systems.
Commitment to national and global standards
Jean Henri Lhuillier, President and CEO of Cebuana Lhuillier, expressed his honor and gratitude for the recognition and emphasized the importance of the partnership between the private sector and the government in advancing financial security measures. He acknowledged the BSP’s leadership in promoting global standards for anti-money laundering and counter-terrorism financing.
In his statement, Lhuillier said, “This partnership demonstrates the company’s commitment to strengthening financial systems while adhering to international standards. By aligning our efforts with government policies and programs, we hope to set an example for others in the industry and showcase the importance of collaboration between the private sector and government agencies in shaping a brighter, safer financial future for the nation.”
Cebuana Lhuillier’s role in supporting the BSP’s efforts is particularly significant in light of the growing challenges in global financial security. With the rising concerns around money laundering, terrorism financing, and other illicit activities, financial institutions have become key players in helping prevent and mitigate risks to the global financial system. Cebuana Lhuillier’s participation in initiatives such as the Asia Pacific Joint Group Onsite Assessment Activities showcases their proactive stance in tackling these issues head-on.
Promoting financial inclusion and compliance
Beyond financial security, Cebuana Lhuillier has also been a key proponent of financial inclusion, recognizing the importance of providing accessible and secure financial services to underserved communities across the Philippines. The company has long been involved in various social responsibility programs that aim to uplift the lives of Filipinos by making financial services more accessible, especially in rural and remote areas.
Through strategic partnerships with the government and other organizations, Cebuana Lhuillier has contributed significantly to the promotion of financial literacy and inclusion across the country. These efforts align closely with BSP’s goal of achieving a more inclusive financial system, which can better serve the needs of all Filipinos, particularly those who are unbanked or underbanked.