29th March 2016
MANILA – Another $850 million stolen by alleged Chinese hackers from the account of Bangladesh Bank at the New York Federal Reserve would have ended up in a Philippine bank had US authorities not stopped the suspicious transactions, Senator TG Guingona said Tuesday. 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
23rd March 2016
Rizal Commercial Banking Corp., the Philippine lender whose employees are suspected of helping launder about $81 million stolen from Bangladesh’s central bank, said it accepted President Lorenzo Tan’s offer to go on leave. 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
23rd March 2016
The dismissed manager of RCBC Jupiter branch in Makati, Maia Santos Deguito, has turned down a government offer to enter the witness protection program despite the money laundering charges being filed against her, Senator Sergio Osmeña III said Tuesday. 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
MANILA, Philippines — EastWest Banking Corp. clarified that it is not involved in the $81-million money laundering scandal despite the alleged involvement of one of its employees. Read More
21st March 2016
When mystery hackers launched a stunning raid on Bangladesh’s foreign reserves, a plot worthy of a John le Carré spy novel was sparked in the Philippines, exposing the Southeast Asian nation as a dirty money haven. Read More