BAGUIO CITY- The Regional Law Enforcement Coordinating Committee (RLECC) inked Resolution Number 01 series of 2022 reviving the RLECC Task Force against investment scams, further expanding its purpose to include all online and cyber scams.
The Resolution also designates Atty. Regina May Cajucom – De Guzman, Director of the Securities and Exchange Commission – Baguio Extension Office (SEC-BEO), as the chairperson of the Task Force.
“Considering the high incidence of reported unauthorized solicitation of investments, and of Ponzi, pyramiding and other such schemes enticing the public to invest their hard-earned money in what appear to be high-interest yielding investments,” the Resolution reads, “we recognize the need for a whole-of government approach in this campaign for effective investor and consumer protection in the Cordillera Region.”
The Task Force is set to conduct comprehensive and intensive information campaigns for the transacting public, which shall highlight detection and avoidance of investment scams, and the proper complaint procedures for those who fell victim to such schemes.
The reactivation also strengthens the referral system and information sharing between the member-agencies to quicken the response and resolution of cases.
“Information is the new weapon. We want our investing public and consumers out there to make informed decisions on their hard-earned money. This Task Force will work on knowledge sharing, extensive information campaigns and strengthened inter-agency coordination towards a scam-free, equipped and empowered society when it comes to investment and consumer concerns,” Director De Guzman reminds the public.
Members of the Task Force include the
Police Regional Office – Cordillera, Regional Anti-Cybercrime Unit – Cordillera Administrative Region, National Bureau of Investigation – CAR, Criminal Investigation and Detection Group – CAR, Bangko Sentral ng Pilipinas – Northern Luzon Regional Office, National Telecommunications Commission – CAR, Department of Trade and Industry – CAR, Department of Information and Communication Technology – CAR, Department of Justice, and Philippine Information Agency – CAR. (by Helen Veryan C. Valdez, Information Officer II, SEC-BEO)