Latest Stories

  • DOJ wants criminal raps vs AMLC secretariat

    Officials of the Anti-Money Laundering Council (AMLC) should be charged with "criminal negligence" for the delayed release of documents that will serve as evidence in drug-related cases, Justice Secretary Vitaliano Aguirre II said Friday.

  • Duterte warns BSP execs: Resign or be treated as drug addict

    MANILA (1st UPDATE) – President Rodrigo Duterte on Thursday told Bangko Sentral ng Pilipinas officials to resign, saying they are hampering the government’s efforts in fighting corruption.

  • PH bank says no role in heist, Bangladesh Bank responsible

    The Philippine bank through which $81 million stolen from Bangladesh's central bank was channeled in February said on Tuesday that the central bank was responsible for the heist, and so any liability should not be passed on.

  • Some Bangladesh Bank officials involved in heist- investigator

    Some Bangladesh central bank officials deliberately exposed its computer systems and enabled hackers to steal $81 million from its account at the Federal Reserve Bank of New York in February, a top investigator in Dhaka told Reuters on Monday.

  • How Senate bill plans to plug money laundering loopholes

    The Senate is giving more teeth to the Anti-Money Laundering Act (AMLA) by amending its current provisions to include casino operators and junket operators among the covered institutions of the law.

  • Senate eyes more powers for AMLC

    A new bill amending the anti-money laundering law is seeking to give more teeth to the Anti-Money Laundering Council including the power to freeze bank accounts and subpoena any person to produce information for verification and investigation.

  • Bangladesh to share findings of heist inquiry with Philippines

    DHAKA - Bangladesh will share findings from its investigation into how unidentified hackers pulled off one of the world’s biggest cyber bank heists to help speed up recovery of the stolen funds, its law minister said on Monday.

  • PH urges Bangladesh to share results of heist investigation

    The Philippine government wants Bangladesh to share the findings of its investigation into how unknown hackers pulled off one of the world's largest cyber bank heists, to help speed up recovery of the stolen funds.

  • RCBC shifts blame on Bangladesh Bank for $81-M heist

    Rizal Commercial Banking Corp. said Tuesday negligence on the part of the central bank of Bangladesh led to the theft of $81 million from the South Asian country's foreign reserves, as it maintained that it could not be held liable for the incident.

  • RCBC lawyer handling $81-M cyber-heist case resigns

    MANILA - The chief legal counsel who represented Rizal Commercial Banking Corp. (RCBC) in the $81 million money laundering case will step down from her post by the end of the year, the bank said on Tuesday.