Topic page on money-laundering

Former El Salvador president sentenced to 10 years in prison

Reuters
Posted at Sep 13 08:51 AM

An El Salvador tribunal sentenced former President Antonio Saca to 10 years in prison on Wednesday after he pleaded guilty to embezzlement and money laundering charges involving more than $300 million of public funds. Read more »

SEC mulls arming officers investigating money laundering, terrorist financing

ABS-CBN News
Posted at Aug 09 11:34 PM

The Securities and Exchange Commission is considering arming its enforcement officers who investigate money laundering and terrorist financing operations. Read more »

Former El Salvador president pleads guilty to money laundering

Nelson Renteria, Reuters
Posted at Aug 08 06:31 AM

Former El Salvadoran President Antonio Saca pleaded guilty in court to embezzlement and money laundering involving more than USD 300 million during his government, his lawyer said on Tuesday, as Saca sought to reduce his prison sentence. Read more »

Jeane Napoles, nakalabas ng bansa bago ang US indictment

ABS-CBN News
Posted at Aug 04 04:14 AM

Hinihintay ng DOJ na mahatulang guilty si Janet Lim-Napoles at iba pa sa kasong kriminal na kinakaharap nila sa US bago simulan ang proseso sa pagbawi sa kanilang assets. Read more »

US gov't seizes real estate assets linked to Napoles family

ABS-CBN News
Posted at Aug 03 11:57 PM

The United States government has seized four real estate assets linked to the family of Janet Lim Napoles—the alleged architect of the pork barrel scam in the Philippines. Read more »

Jeane Napoles has left Philippines: DOJ

ABS-CBN News
Updated as of Aug 03 05:42 PM

Jeane Napoles, who was indicted by a US grand jury for conspiracy to commit domestic and international money laundering, left the country last week, Justice Secretary Menardo Guevarra said Friday. Read more »

Benhur Luy, umaming nagpadala ng pera sa US accounts ni Napoles

ABS-CBN News
Posted at Aug 02 09:41 PM

Tumangging magkomento si Benhur Luy at ang kaniyang abogado sa posibilidad na tumestigo si Luy sa Amerika matapos makasuhan doon sina Janet Lim Napoles dahil sa money laundering. Read more »

Napoles kin may be extradited to US: DOJ

Ina Reformina, ABS-CBN News
Updated as of Aug 02 05:26 PM

Relatives of detained businesswoman and alleged ‘pork barrel’ scam architect Janet Lim Napoles may be extradited to the United States, provided that they are not facing charges in the Philippines, said Justice Secretary Menardo Guevarra on Thursday. Read more »

'Ipinuslit na pera ng mga Napoles sa US, pinambili ng mga kotse, ari-arian'

ABS-CBN News
Posted at Aug 01 07:33 PM

Bukod sa real estate, ginamit din ng pamilya Napoles ang pera para bumili ng dalawang mamahaling sasakyan, shares sa dalawang negosyo, at pantustos sa marangyang pamumuhay nila sa Amerika. Read more »

Insta-infamous: How Jeane Napoles' social media posts tipped off probers

Trishia Billones, ABS-CBN News
Posted at Aug 01 01:38 PM

Jeane's social media posts about 5 years ago spurred an investigation by the local Bureau of Internal Revenue into her family's wealth after she posted pictures of expensive gifts from her parents. Read more »

Napoles, 5 others indicted for int'l money laundering, conspiracy, bribery

ABS-CBN News
Updated as of Aug 01 09:12 AM

A US federal grand jury has indicted alleged pork barrel scam mastermind Janet Lim-Napoles and 5 others for conspiring to funnel in and out of the US some $20 million in Philippine public funds obtained through a multi-year bribery and fraud scheme. Read more »

RCBC 'definitely not settling' with Bangladesh Bank over $81 million caper

ABS-CBN News
Updated as of Jun 26 10:10 AM

The Philippines' 10th largest bank was also "victimized" when unidentified hackers shifted the money to RCBC accounts after they stole it money from Bangladesh Bank's account with the New York Federal Reserve, said RCBC president Gil Buenaventura. Read more »

Australia's CommBank accepts record penalty in money-laundering case

Jonathan Barrett, Reuters
Posted at Jun 04 10:25 AM

Commonwealth Bank of Australia (CBA) agreed to a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia's financial intelligence agency. Read more »

Gov't not involved in possible RCBC, Bangladesh Bank deal: Dominguez

Michelle Ong, ABS-CBN News
Updated as of May 04 02:35 PM

A possible out of court settlement between the central bank of Bangladesh and Rizal Commercial Banking Corp over an $81-million cyber theft will not involve the Philippine government, Finance Secretary Carlos Dominguez said Friday. Read more »

COA: AMLC froze, forfeited P901-M 'dirty money' in 2017

Adrian Ayalin, ABS-CBN News
Posted at Apr 19 09:09 PM

MANILA - The Anti-Money Laundering Council (AMLC) was able to freeze and forfeit criminal proceeds or dirty money totaling P901 million last year, according to a 2017 report of the Commission on Audit (COA). Read more »

COA flags dirty money watchdog's iPhone purchase

Adrian Ayalin, ABS-CBN News
Posted at Apr 18 04:35 PM

The Commission on Audit (COA) flagged the Anti-Money Laundering Council for buying Apple iPhones instead of cheaper units as approved by the budget department. Read more »

Bangladesh eyes settlement in US cyber heist suit ahead of its own case

Jonathan Spicer and Ruma Paul, Reuters
Posted at Apr 16 08:30 PM

An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central bank's planned suit to recover $66 million still lost in one of the world's biggest such cases. Read more »

Andy Bautista camp seeks recall of arrest order

ABS-CBN News
Updated as of Mar 19 12:54 PM

The lawyer of former Commission on Elections chairperson Andres Bautista on Monday asked a Senate panel to recall the warrant of arrest against him. Read more »

Palace says Andy Bautista flight admission of guilt

Dharel Placido, ABS-CBN News
Posted at Mar 16 06:52 PM

MANILA - Malacañang on Friday said former Commission on Elections (Comelec) chairman Andres Bautista’s continued absence at a Senate inquiry into his alleged violation of the Anti-Money Laundering Act and his decision to leave the country indicate guilt. Read more »

Pimentel signs arrest order vs ex-poll chief Andres Bautista

ABS-CBN News
Updated as of Feb 26 06:55 PM

Senate President Aquilino Pimentel III on Monday signed the arrest order against former Commission on Elections (Comelec) chief Andres Bautista. Read more »

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