1st April 2016
Various names have been tagged in the biggest money laundering scandal to ever hit the Philippines (RCBC). This article traces their connections with each other. Read More
31st March 2016
The Bangladesh Bank-hired jurist sounded upbeat Wednesday about retrieving the entire US$81million stolen out from the BB foreign-exchange reserves through a trans-national cyber heist. Read More
28th March 2016
Hackers tried to steal $1 billion last month from the country’s account at the Federal Reserve Bank of New York. Now, officials are trying to trace $81 million. Read More
24th March 2016
Washington — A U.S. lawmaker is seeking answers from the Federal Reserve Bank of New York over the theft by cyber criminals of $81 million from the Bangladesh central bank’s account at the New York Fed. Read More
23rd March 2016
RCBC apologizes to its shareholders, clients and the public for money laundering scandal, particularly the involvement of its personnel in the Jupiter, Makati branch in the $81 million worth of remittance allegedly hacked from the Bangladesh Bank. Read More
22nd March 2016
Bangladesh’s central bank has suggested the Federal Reserve Bank of New York had a “major lapse" in allowing hackers to transfer $101 million in transactions that it later flagged as suspicious, according to an internal document seen by Bloomberg. Read More
22nd March 2016
YUCHENGCO-led Rizal Commercial Banking Corp. fired its Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres on Tuesday, citing violations of bank policies and procedures as well as falsification of commercial documents. Read More
22nd March 2016
The Anti-Money Laundering Council (AMLC) on Tuesday filed a criminal complaint before the Department of Justice against two businessmen allegedly involved in laundering of US$81 million from the Bangladesh’s central bank. Read More
21st March 2016
The government was asked to reach out to countries hosting thousands of overseas Filipino workers (OFW) whose regular remittances to their families in the Philippines were to be adversely affected by a scandal linking local banks to an $81-million fund stolen by hackers from a Bank of Bangladesh account at the Federal Reserve in New York. Read More
21st March 2016
The laundering through the Philippines of $81 million stolen by hackers from a U.S. Federal Reserve account is adding to pressures on the Southeast Asian country to fix loopholes in its financial regime. Read More