money-laundering Topic

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 »

Palace asked to ‘bodily remove’ deputy Ombudsman from office

Dharel Placido, ABS-CBN News
Posted at Feb 23 02:26 PM

Lawyers on Friday urged Malacañang to enforce its decision to suspend Overall Deputy Ombudsman Melchor Arthur Carandang by “physically removing” him from office. Read more »

'Move on,' Palace tells Trillanes amid push to probe alleged Duterte wealth

Dharel Placido, ABS-CBN News
Posted at Feb 16 04:46 PM

Malacañang on Friday told Sen. Antonio Trillanes IV to “move on” as the fierce administration critic showed no signs of giving up in his push to investigate President Rodrigo Duterte's alleged hidden wealth. Read more »

Doctors warn ex-poll chief Bautista vs prolonged travel

ABS-CBN News
Posted at Feb 12 03:35 PM

The camp of former Commission on Elections (Comelec) chief Andres Bautista explained Monday the reason behind his absence on Monday's Senate committee inquiry on his alleged violation of the Anti-Money Laundering Act. Read more »

RCBC fires back at Bangladesh Bank with lawsuit threat

ABS-CBN News
Posted at Feb 08 03:25 PM

Rizal Commercial Banking Corp said Thursday it "has had it" and was considering a lawsuit against Bangladesh's central bank for implicating it in an $81-million heist 2 years ago. Read more »

RCBC faces lawsuit over $81-M bank heist

Agence France Presse
Updated as of Feb 08 01:40 AM

DHAKA - Bangladesh's central bank will file a lawsuit in New York against a Philippine bank over the world's largest cyber heist, its finance minister said Wednesday. Read more »

OPINION: If AMLC didn’t send Ombudsman bank documents, what did Carandang leak?

Ellen T. Tordesillas
Updated as of Jan 31 03:42 PM

There is something that defies common sense in the suspension by Malacanang of Overall Deputy Ombudsman Melchor Arthur Carandang for supposedly leaking to media confidential and alleged false information on President Rodrigo Duterte’s bank accounts September last year. Read more »

EU removes Panama, seven others from tax haven list

Agence France-Presse
Posted at Jan 23 07:27 PM

The European Union on Tuesday removed eight countries including Panama and South Korea from its new tax haven blacklist after they pledged to address their concerns, the bloc said. Read more »

What FMIC forecasts for PH stock market

ABS-CBN News
Posted at Jan 05 01:11 AM

First Metro Investment issued its fearless forecast for the local stock market, as it expects the Philippine Stock Exchange index to hit 9,400 this year. Read more »

China tightens rules on overseas cash withdrawals

Agence France-Presse
Updated as of Dec 31 05:18 PM

China has tightened rules on how much cash cardholders can withdraw overseas in a bid to clamp down on money laundering, terrorist financing and tax evasion, authorities said Saturday. Read more »

Bangladesh Bank mulls civil suit against RCBC for cyber-heist damages

Krishna N. Das and Serajul Quadir, Reuters
Posted at Dec 08 11:51 PM

DHAKA - Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources said. Read more »

Trump campaign manager indicted for conspiracy, money laundering

Karen Freifeld, Reuters
Posted at Oct 30 09:45 PM

WASHINGTON - Paul Manafort, a former campaign manager for U.S. President Donald Trump, and an associate were indicted by a federal grand jury on 12 counts including conspiracy against the United States and money laundering, the federal special counsel's office said on Monday. Read more »

OPINION: Duterte’s threats betray panic

Ellen T. Tordesillas
Updated as of Oct 02 02:39 PM

Behind President Duterte’s curse-laden talks is a man in panic. Read more »

Duterte to create commission to probe alleged Ombudsman anomalies

Dharel Placido, ABS-CBN News
Posted at Sep 28 07:47 PM

President Rodrigo Duterte said Thursday he is planning to create a commission that would investigate alleged anomalies at the Office of the Ombudsman. Read more »

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