15th May 2017
The Supreme Court (SC) has cleared former Agriculture undersecretary Jocelyn “Jocjoc” Bolante and other respondents of money laundering charges in connection with the P728 million fertilizer fund scam. Before this, the Court of Appeals (CA) denied the government’s application to extend the freeze order issued in 2009 on Bolante’s bank… Read More
10th May 2017
The Bureau of Internal Revenue (BIR) filed yesterday another multibillion-peso tax evasion complaint against tobacco firm Mighty Corp. and its executives before the Department of Justice (DOJ). As Mighty Corp. executives led by owner Alexander Wongchuking face preliminary investigation in the earlier P9.56-billion tax evasion charges, they were slapped anew… Read More
24th April 2017
The Department of Justice (DOJ) has found basis to file money laundering charges against a former branch manager of the Rizal Commercial Banking Corp. (RCBC) and officials of remittance firm Philrem Service Corporation (Philrem) in connection with the $81 million in funds stolen by hackers from the Bangladesh Bank. Current… Read More
20th March 2017
President Duterte’s latest threat to declare martial law in Mindanao has sparked further concerns in the European Union, this amid strong signals that his war on drugs and other anticrime measures that his administration is doggedly pushing for, like the death penalty, could have an adverse effect on EU-Philippine trade relations. Read More
9th March 2017
Almost a year has passed since the news of the $81 million Bangladeshi bank heist broke out, and yet the Philippines has yet to make progress in its efforts to curb money laundering, the U.S. government said in a report. Read More
6th March 2017
The Philippines remained among the ranks of "major money laundering countries in 2016" after its involvement in the $81-million money laundering scheme, according to the latest report of the US State Department. Read More
1st March 2017
Peter Laviña has resigned from his post as the administrator of the National Irrigation Authority (NIA), the agency's official said Wednesday. Read More
8th February 2017
The Philippine Senate has moved closer to including casinos in the coverage of the country’s Anti-Money Laundering Act, as one of the Senate’s panels began analysing three different bills on the matter. Read More
1st February 2017
Rizal Commercial Banking Corp. (RCBC) said Tuesday it hired a former official of the Anti-Money Laundering Council as chief compliance officer, as the bank continues to beef up its management team. Read More
30th January 2017
"We have to focus our efforts towards internal cleansing," Police Chief Ronald Dela Rosa said. Read More