​The Monetary Board has revoked the Bangko Sentral ng Pilipinas authority to operate as pawnshop and cancelled the registration to operate as FXD/MC and RTC of OWEN & SONS PAWNSHOP, FOREIGN EXCHANGE AND REMITTANCE SERVICES, INC. pursuant to Sections 172-P and 901-N of the Manual of Regulations for Non-Bank Financial Institutions (MORNBFI), respectively, in view of non-compliance with Republic Act No. 9160 (The Anti-Money Laundering Act of 2001), as amended, and its revised implementing rules and regulations (RIRR), MORNBFI-P Regulations, Sections 501-P and 601-N, in relation to Part 9 of the MORNBFI-Q Regulations, Section 901-N of the MORNBFI, and for violation of its Deeds of Undertaking as pawnshop and money service business.

Source: BANGKO SENTRAL NG PILIPINAS