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'Misdeclared' Zimbabwe dollars nasabat sa Laguindingan airport

Joey Taguba Yecyec, ABS-CBN News
Posted at May 29 06:39 PM

Tinatayang katumbas ng higit P124,000 ang halaga ng mga nakumpiskang Zimbabwe dollars.  Read more »

Philippines is home to illicit funding for human trafficking, kidnapping - AMLC

Rose Carmelle Lacuata, ABS-CBN News
Posted at May 23 08:21 PM

The Philippines has become a destination of illicit funding from various crimes, including human trafficking and kidnapping, the Anti-Money Laundering Council revealed in a report. Read more »

DOJ charges 5 former RCBC officials for facilitating money laundering

Mike Navallo, ABS-CBN News
Posted at May 22 06:04 PM

State prosecutors have charged 5 former and current Rizal Commercial Banking Corporation (RCBC) officials of facilitating money laundering in connection with the February 2016 $81-million Bangladesh Bank heist.   Read more »

RCBC officials' appeal over dirty money raps denied

ABS-CBN News
Updated as of May 22 03:14 PM

The 5 were accused of lifting a hold order on 4 RCBC accounts that received millions of dollars that were stolen from Bangladesh Bank's account with the Federal Reserve in New York, DOJ spokesperson Usec Mark Perete said in a statement.  Read more »

PH urges ASEAN to share moves vs money laundering

ABS-CBN News
Posted at Apr 14 02:37 PM

Member-states of the Association of Southeast Asian Nations (ASEAN) should share efforts and initiatives in deterring money laundering, a primary tool in funding international terrorist activities, a Philippine official said.   Read more »

Biggest US college fraud bust nets actors Felicity Huffman, Lori Loughlin

Nate Raymond, Reuters
Updated as of Mar 13 02:46 PM

BOSTON - Federal authorities arrested dozens on Tuesday for a $25 million scheme to help wealthy Americans, including actresses Felicity Huffman and Lori Loughlin and some CEOs, cheat their children's way into elite universities, such as Yale and Stanford. Read more »

Diokno says 'no sacred cows' with him leading Bangko Sentral

Cathy Yang, ABS-CBN News
Updated as of Mar 12 01:03 PM

As BSP Governor, the former budget secretary will chair the Anti Money Laundering Council. He also took office as a new law gave the central bank wider enforcement powers. Read more »

2 arrested for allegedly selling P3-B Manila Bay property using fake documents

ABS-CBN News
Posted at Mar 08 11:12 PM

A bank official and two others face money laundering and estafa charges for using fake documents to sell a property worth more than P3 billion.  Read more »

Bank official, 2 iba huli sa pagbebenta ng lupa gamit ang 'pekeng' dokumento

ABS-CBN News
Posted at Mar 08 08:48 PM

Dahil ito sa pagbebenta umano ng bilyong pisong halaga ng lupa, gamit ang mga pekeng dokumento.  Read more »

3 Pinoys jailed in Hong Kong over forged documents: DFA

ABS-CBN News
Posted at Feb 20 09:35 PM

Three Filipinos were imprisoned in Hong Kong for opening bank accounts using forged documents, the Department of Foreign Affairs (DFA) said Wednesday. Read more »

Money laundering scandal leaves stain on ING results

Agence France-Presse
Posted at Feb 06 08:07 PM

Earnings fell by 4.1 percent to 4.7 billion euros ($5.4 billion) last year despite growth in its client base, the Amsterdam-based lender said in a statement. Read more »

Bangladesh Bank lawsuit vs RCBC a 'political stunt,' lawyer says

ABS-CBN News
Updated as of Feb 01 02:33 PM

In a statement, RCBC said it has not been notified and was unaware whether any complaint has been filed. But it has engaged US law firm Quinn Emanuel for its defense.  Read more »

RCBC welcomes Bangladesh Bank rap over $81 million heist

ABS-CBN News
Posted at Jan 30 05:29 PM

MANILA - The Rizal Commercial Banking Corp (RCBC) on Wednesday said it welcomes the complaint the Bangladesh Bank will reportedly lodge against it over a 2016 heist that funneled some $81-million in stolen funds through one of its Makati branches.    Read more »

Ex-RCBC manager Deguito appeals money laundering conviction

ABS-CBN News
Posted at Jan 28 03:32 PM

Deguito asked the Makati Regional Trial Court to "set aside" its decision last Jan. 10 and acquit her in related cases. Her lawyers said the "wrong penalty" was imposed upon her. Read more »

Ex-RCBC exec guilty sa pagkakadawit sa Bangladesh cyber heist

ABS-CBN News
Posted at Jan 10 07:02 PM

Guilty ang hatol ng korte sa manager ng RCBC Jupiter branch na dawit sa $81 milyon ninakaw ng mga hacker mula sa New York Federal Reserve ng Bangladesh Central Bank noong 2016.  Read more »

PH must 'lighten' bank secrecy law to fight dirty money: Osmeña

ABS-CBN News
Posted at Jan 10 01:02 PM

Loosening the country's bank secrecy law will help government's crackdown on money laundering, according to a former lawmaker who led an investigation into the $81-million cyber heist on Bangladesh Bank. Read more »

Bangladesh presses PH on raps vs other RCBC officials

ABS-CBN News
Posted at Jan 10 11:51 AM

Maia Santos Deguito was sentenced to 4 to 7 years in prison for each of 8 counts of money laundering and was ordered to pay a fine of $109 million. Read more »

'Scapegoat': Ex-RCBC manager maintained innocence before dirty money verdict

ABS-CBN News
Posted at Jan 10 11:23 AM

Maia Deguito is the only person so far to be convicted in court. Investigations by the Senate and the Department of Justice spanned bank executives, high rollers and government officials. Read more »

Ex-RCBC manager Deguito found guilty of money laundering

ABS-CBN News
Updated as of Jan 10 01:24 PM

Deguito was the manager of the RCBC where a portion of the $81 million that was stolen by unknown hackers of Bangladesh Bank were deposited in accounts under fictitious names, based on the Department of Justice investigation. Read more »

Russian tied to Trump Tower meet indicted for money laundering

Agence France-Presse
Posted at Jan 09 05:46 AM

The Russian lawyer whose participation in a June 2016 meeting with top officials of President Donald Trump's election campaign has given rise to allegations of collusion has been indicted in a separate money laundering case, US prosecutors said Tuesday. Read more »