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1st April 2016

Filipino bank calls for closed-door hearings on $81m money laundering scam

Metro Manila When a whopping $81 million in illicit funds was transferred from the Bangladesh Bank to the Jupiter branch of the Rizal Commercial Banking Corporation (RCBC), it first appeared to be an isolated case with only a small branch of one Philippine bank involved. “Unfortunately for us,… Read More

31st March 2016

Philippines bank RCBC closes remittance operations in Italy

RCBC said it has closed its remittance operations in Italy because it could not meet on time the computer systems capabilities required of it by Banca D’Italia since 2014. Read More

31st March 2016

Bangladesh Bank counsel sounds upbeat about retrieving $81m

The Bangladesh Bank-hired jurist sounded upbeat Wednesday about retrieving the entire US$81million stolen out from the BB foreign-exchange reserves through a trans-national cyber heist. Read More

30th March 2016

Philippines: RCBC files criminal charges vs Deguito and Torres

MANILA - Rizal Commercial Banking Corporation (RCBC) on Wednesday filed criminal charges against Jupiter branch manager Maia Santos-Deguito and senior customer relationship officer Angela Torres, both tagged in the $81-million money laundering controversy. Read More

30th March 2016

Philippines: DOJ ready to give RCBC bank records of stolen $81m to the Senate

The Department of Justice (DOJ) said it is now in possession of the bank records of the anomalous bank accounts in the Rizal Commercial Baking Corp. (RCBC) involving stolen USD81 million, which is the center of investigation by the Senate. Read More

30th March 2016

Philippines: $81M dirty pile puts Overseas Filipino Workers (OFW) money at risk

The laundering of $81 million stolen from the Bangladesh Central Bank wired to the Rizal Commercial Banking Corp. (RCBC) Jupiter Branch in Makati City (Metro Manila) endangers remittances of overseas Filipino workers worth at least P26 billion a year. Read More

29th March 2016

Philippines: Rizal Bank’s Dollar Bonds Fall Amid $81 Million Heist Hearings

Rizal Commercial Banking Corp. dollar bonds dropped for an 11th straight day Tuesday as the Philippine Senate continued an investigation involving the lender’s links to laundering of $81 million stolen from Bangladesh central bank. Read More

29th March 2016

Philippines: Bangladesh Bank heist suspect specifies two names

Two Chinese businessmen brought $81 million stolen from Bangladesh Bank into Philippines, Kam Sin Wong, a suspect said. Read More

29th March 2016

Casino agent in Philippines says high-rollers brought in heist money

A Chinese junket operator in Manila said on Tuesday that two high-rollers from Beijing and Macau were responsible for bringing $81 million stolen by hackers from Bangladesh's central bank into the Philippines. Read More

29th March 2016

Philippines: ‘Missing link’ in US$81m cyber heist set to testify Tuesday

[MANILA] Kim Wong, the Philippine gambling junket operator whom a lawmaker has dubbed the 'missing link' in the cyber heist of US$81 million in Bangladesh central bank funds, will testify Tuesday before a televised Senate committee meeting. Read More

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