Alice Guo, over 30 others sued for money laundering

08/31/2024

Dismissed Mayor Alice Leal Guo of Bamban, Tarlac, now faces 87 counts of money laundering involving about P7 billion for almost five years in another case lodged against her in the Department of Justice (DOJ) on Friday.…

Money laundering, pornography by Chinese only ‘isolated incidents’

Daphne Galvez - Inquirer.net 03/05/2020

MANILA, Philippines — Money laundering and illegal pornography reportedly engaged in by Chinese nationals are only “isolated incidents,” the Chinese Embassy in Manila asserted Wednesday. The incidents cannot represent the whole picture of China-Philippines relations, it added.…

DOJ to Bangladesh: You will get your money back

04/27/2016

THE Department of Justice (DOJ) on Tuesday assured that the money stolen by hackers from the Bangladesh Bank will be returned to its government as soon as possible but procedures have to be followed. Acting Justice Secretary…

Deguito admits lying to conceal people involved in money laundering scheme

04/20/2016

MAIA Santos-Deguito, the former branch manager of Rizal Commercial Banking Corp. (RCBC), has admitted lying just to conceal the personalities involved in the alleged $81-million money laundering scheme. Testifying at the ongoing investigation of the Senate blue…

More RCBC execs linked to money laundering

04/12/2016

More officials of Rizal Commercial Banking Corp. (RCBC) have been dragged into the alleged $81-million money laundering scam as former branch manager Maia Santos-Deguito continued her testimony at the Senate yesterday. Contrary to allegations, Deguito said she…

EU threatens to sanction Panama, other nations

04/09/2016

British PM Cameron admits he profited from Panama fund Berlin — A European Union official threatened Thursday to sanction Panama and other nations if they don’t cooperate fully to fight money laundering and tax evasion, after a…

Kim Wong admits P1B went to his company

03/30/2016

Businessman Kim Wong admitted during a Senate hearing on Tuesday that P1 billion of the funds allegedly stolen from the Bank of Bangladesh went to his company but said he is willing to return half of the…

RCBC chief goes on leave amid dirty money probe

03/23/2016

RIZAL Commercial Banking Corp. president Lorenzo Tan has gone on indefinite leave of absence on the heels of the government’s probe on the $81 million in dirty money that slipped through the cracks of the local financial…

Incentives to money launderers

Malou Guanzon Apalisok 03/20/2016

When the Senate Blue Ribbon Committee launched the investigation on the Bangladesh bank heist that had hackers laughing all the way to Philippine casinos with $81 million, Senator Sergio “Serge” Osmeña issued a warning that the Philippine…

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