29th June 2016
Rodrigo Duterte will take his oath of office on Thursday as the Philippines’ 16th president. On the campaign trail, the tough-talking former mayor from southern Philippines’ Davao City has promised to “kill” drug lords and shame corrupt government officials and policemen suspected of colluding with criminals. “We’ll just make this… Read More
6th June 2016
Digital currencies will be covered in updated regulation. Banks’ know-your-client operations under tighter scrutiny. Read More
10th May 2016
The Philippines started the process to strengthen its anti-money laundering and bank secrecy laws on Tuesday, aiming to plug loopholes that allowed $81 million stolen in one of the world's biggest cyber heists to pass through Manila banks and casinos. Read More
5th May 2016
The Philippines ombudsman plans to file corruption charges against Binay, 73, after he finishes his term of vice president based on an investigation into several contracts with alleged irregularities while he was mayor of Makati City, the country's premiere financial district, including a 2.7 billion peso ($58.7 million) parking building. Read More
5th May 2016
Casino junket operator Kim Wong has completed the turnover to the Anti-Money Laundering Council for safekeeping an amount believed to be part of the $81 million stolen from the Bangladesh central bank. Read More
29th April 2016
A Philippine anti-money laundering body has lodged a complaint against owners of a remittance firm it called a "cleaning house" to hide the trail of $81 million looted from a Bangladesh bank, in one of the biggest cyber heists in history. Read More
28th April 2016
A Philippine anti-money laundering body has lodged a complaint against owners of a remittance firm it called a "cleaning house" to hide the trail of $81 million (55.58 million pounds) looted from a Bangladesh bank, in one of the biggest cyber heists in history. Read More
19th April 2016
In the sixth Senate hearing on the Bangladesh fund scam on Tuesday (April 19), the Anti-Money Laundering Council (AMLC) revealed casino junket operator Kim Wong turned over P200 million to the agency for safekeeping. Read More
1st April 2016
A Chinese casino junket operator on Thursday returned $4.63 million of the $81 million that hackers stole from the Bangladesh central bank’s account in the US Federal Reserve Bank and laundered in Manila’s casinos, officials said. Read More
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