RCBC treasurer quits amid $81m laundering scandal

The treasurer of Yuchengco-led Rizal Commercial Banking Corp. has resigned from his post amid the ongoing probe on the $81 million money laundering case that slipped through the bank’s Jupiter b ...

Philippines court starts process to return BB heist fund

Bangladesh Bank may have to wait longer before it gets the amount turned over by casino junket operator Kim Wong to the Anti-Money Laundering Council (AMLC) for safekeeping, although the court has alr ...

BB heist: Wong turns over another P200m

Casino junket operator Kim Wong has returned another P200 million to the Anti-Money Laundering Council (AMLC), which was believed to be part of the alleged $81million stolen funds from Bangladesh bank ...

Wong vows to turn over another $9.73m

Casino junket operator Kim Wong on Tuesday promised to return to the Senate another $9.73m (P450 million), which was believed to be part of the alleged $81 million stolen funds from the Bangladesh&rsq ...

Wong, Deguito come face-to-face in Senate hearing

Two key players in the alleged $81 million money laundering controversy faced each other for the first time at the resumption of the Senate blue ribbon committee hearing on Tuesday. Former branch m ...

Senators: Philrem, casinos should also return BB stolen funds

Other casino junket operators and remittance firm Philrem Services Corp should also surrender any portion of the $81 million stolen from Bangladesh Bank that is still with them after junket operator K ...

Wong returns $4.63m stolen from BD forex reserves

The staff of the Bangko Sentral ng Pilipinas (BSP) started counting the $100 bills at 3:30pm. Two and a half hours later, using three counting machines that can automatically detect the authenticit ...

Kim Wong is back, vows to tell all during Senate hearing

Midas Hotel junket casino operator Kim Wong is back in Philippines and is ready to tell all he knows about the $81-million money laundering at the Rizal Commercial Banking Corp., before the Senate Blu ...

RCBC fires Deguito, deputy

YUCHENGCO-led Rizal Commercial Banking Corp fired its Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres on Tuesday, citing violations of bank policies and procedures as well as f ...

BB heist a blow to Philippine efforts to lure investors

The Philippines’ failure to address loopholes in anti-money laundering safeguards could affect even foreign investments in the infrastructure space, a conduit for which is the Aquino administrat ...

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