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.
Tags
GCash