17th March 2016
Manila - A Philippine Senate committee has resumed its inquiry into how $81 million stolen by hackers from the U.S. Federal Reserve Bank account of Bangladesh's central bank was transmitted to four private Philippine bank accounts and then to three casino companies. Read More
15th March 2016
The Anti-Money Laundering Council (AMLC) on Tuesday called for tighter laws against the entry of criminal profit in the country as the Senate began its probe on an $81 million money laundering scheme. Read More
14th March 2016
MANILA - Money-laundering charges have been filed against Rizal Commercial Banking Corp. (RCBC) bank branch manager Maia Santos Deguito. Read More
11th March 2016
MANILA, Philippines - A Filipino businessman, one of six people under investigation for the alleged laundering of $81 million dollars thought to have been stolen from the U.S. account of Bangladesh's central bank, on Friday asked authorities to unfreeze his bank accounts, denying involvement in the scheme. Read More
10th March 2016
The discovery of $81 million in alleged laundered money that entered the country’s banking system will serve as a lesson to future money launderers to shy away from doing their illegal acts in the Philippines, a local banker said. Read More
10th March 2016
The Manager of the Rizal Commercial Banking Corp. branch on Jupiter Street in Makati City—gatekeeper of the suspicious bank accounts involved in the $81-million cross-border remittance being investigated by antimoney laundering authorities—is either a negligent banker or a scapegoat, depending on which narrative one reads. Read More
10th March 2016
MANILA – That’s a cover-up. This is how Senator Sergio Osmena III described a statement by the PAGCOR chief that investigators should “look elsewhere” regarding an alleged $100 million money laundering operation done through Philippine casinos. Read More
2nd March 2016
MANILA – The Philippine Amusement and Gaming Corporation (Pagcor) said it has launched its own investigation into reports that casinos were used in laundering $100 million. Read More
16th February 2016
When Congress reopens in May the Securities and Exchange Commission will submit a bill that should be acted on at once by the relevant committees, passed by both Houses and then enacted into law. Read More