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BSP working with dirty money watchdog on Westpac transactions

ABS-CBN News
Posted at Dec 19 01:56 PM

An initial report from one of the banks has been submitted, the Bangko Sentral ng Pilipinas said in a statement, without identifying the name of the institution.    Read more »

BSP reviews BPI, 10 banks for links to Australian bank linked to dirty money

ABS-CBN News
Updated as of Dec 18 10:09 PM

MANILA (UPDATED) - The Philippine central bank said Wednesday it was reviewing transactions of 10 banks, coursed through Bank of the Philippine Islands (BPI), for money that came from Westpac, one of Australia's largest banks that is accused of money laundering. Read more »

Vietnam to repatriate 39 nationals found dead in UK truck

Joe Jackson and Jenny Vaughan, Agence France-Presse
Posted at Nov 08 04:52 AM

LONDON, United Kingdom—Vietnam said Thursday it was working to repatriate 39 bodies now identified as Vietnamese nationals found in a truck near London last month, in a case that exposed the deadly risks of illegal migration to Europe. Read more »

Swiss to auction 25 super cars seized from E. Guinea leader's son

Agnès Pedrero, Agence France-Presse
Posted at Sep 29 08:18 AM

A collection of luxury cars seized from Equatorial Guinea's vice president Teodorin Obiang Nguema will be auctioned off in Switzerland on Sunday and are estimated to bring in 18.5 million Swiss francs ($18.7 million). Read more »

RCBC accused of suppressing evidence in money laundering case

Mike Navallo, ABS-CBN News
Posted at Sep 24 07:22 PM

The Rizal Commercial Banking Corporation (RCBC) was accused Tuesday of suppressing evidence in the money laundering case against some of its current and former officials. Read more »

2 US fugitives arrested in Pampanga

ABS-CBN News
Posted at Sep 01 09:59 AM

Two American fugitives wanted for fraud and money laundering in Texas were arrested last month in Pampanga, the Bureau of Immigration said Sunday.   Read more »

How do you solve a problem like POGOs

Editorial cartoon by Dennis Gasgonia, ABS-CBN News
Updated as of Aug 21 09:01 AM

In this new "golden age" in Philippines-China relations, money is playing too big a role in our bilateral relations. Read more »

Senator asks: Why are only 16k Chinese POGO workers registered with BIR?

ABS-CBN News
Updated as of Aug 13 12:38 PM

Sen. Sherwin Gatchalian said he would seek on Tuesday a legislative inquiry into billions that the government may be failing to collect from Philippine Offshore Gaming Operator (POGO) hubs.    Read more »

New Senate probe on offshore gaming firms sought

ABS-CBN News
Updated as of Jul 18 10:47 AM

Some Filipino workers and call centers have been forced to leave their rented homes and offices after lease rates rose -- and in some cases doubled -- due to heavy demand from POGOs, a hearing by the Senate labor committee headed by Villanueva earlier this year found, he said. Read more »

SC junks Kapa donors' petition vs SEC-ordered closure

Mike Navallo, ABS-CBN News
Posted at Jul 02 07:19 PM

MANILA – The Supreme Court en banc on Tuesday junked outright the petition filed by a group of donors of Kapa-Community Ministry International against President Rodrigo Duterte, the head of the Securities and Exchange Commission (SEC) and other government agencies over the closure of the group’s operations, SCPIO chief Brian Keith Hosaka confirmed. Read more »

'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 »