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
18th March 2016
Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor Espenilla said the offer of Philrem Service Corp, the remittance firmed tagged in converting into peso most of the $81 million alleged stolen funds from the central bank of Bangladesh, to return its P10 million handling fee is a recognition that the alleged stolen money passed through the company. Read More
18th March 2016
MAIA Santos-Deguito, manager of Rizal Commercial Banking Corporation (RCBC) Jupiter branch, revealed during a closed-door meeting at Senate that she was just used in the alleged $81-million money laundering scheme, said blue ribbon committee chairperson Teofisto Guingona III. Read More
17th March 2016
MANILA, Philippines – Rizal Commercial Banking Corp. (RCBC) on Thursday afternoon reported that its internal investigation revealed that the account of its account holder, William Go, involved in the $81-million money laundering scandal, was falsified. Read More
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