Bangladesh bank Heist - updates

Rappler's latest stories on Bangladesh bank Heist

ARTICLE FINDER

U.S. Federal Reserve assists Bangladesh over cyberheist case vs RCBC

Feb 02, 2019 - 6:47 PM

'This agreement demonstrates that the New York Fed and Bangladesh Bank are aligned in the pursuit of recovering the funds and directing litigation against those who were complicit in or benefitted from the fraud,' says the US Federal Reserve Bank and Bangladesh's central bank

CENTRAL BANK. A cornerstone in the Federal Reserve Bank of New York building is seen on July 29, 2011 in New York City. Andrew Burton/Getty Images/AFP

Bangladesh sues RCBC over $81-M cyberheist

Feb 01, 2019 - 8:22 PM

RCBC dismisses the suit as a 'political stunt'

Ex-RCBC manager Maia Deguito asks Makati court to reverse conviction

Jan 28, 2019 - 8:45 PM

Maia Deguito, who was found guilty of money laundering, says the prosecution failed to present proof that she had full and prior knowledge of the illegal source of funds

APPEAL. Maia Deguito, former manager of the Rizal Commercial Banking Corporation branch in Manila's financial district, gestures as she answers a question during a senate hearing in Manila on April 5, 2016. File photo by Noel Celis/AFP

Makati court convicts ex-RCBC manager Maia Deguito of money laundering

Jan 10, 2019 - 9:26 AM

(UPDATED) Former RCBC branch manager Maia Deguito is sentenced to 4 to 7 years in prison for each of the 8 counts of money laundering in connection with the 2016 Bangladesh Bank heist

CONVICTED. Former RCBC branch manager Maia Deguito is interviewed by media after a Makati court convicted her of money laundering in connection with the Bangladesh bank heist on January 10, 2019. Photo by Lian Buan/Rappler

RCBC eyes lawsuit against Bangladesh Bank over heist claims

Feb 08, 2018 - 3:00 PM

This comes after the Bangladesh central bank's announcement that it would sue the listed Philippine bank over alleged involvement in the $81-million cyber heist

RCBC accuses Bangladesh central bank of cover-up

Dec 12, 2017 - 6:25 PM

The Rizal Commercial Banking Corporation says Bangladesh Bank is 'maligning RCBC and refusing to divulge its findings' on the $81-million heist

Martial law, AMLA amendment, Mahathir | Evening wRap

Jul 19, 2017 - 8:16 PM

Watch the evening newscast with Marguerite de Leon

RCBC pays Bangladesh Bank heist fine in advance

May 23, 2017 - 8:20 PM

The listed bank fully settles its record P1 billion fine for non compliance with banking laws and regulations in connection with the 81 million Bangladesh Bank money laundering scandal

COMING CLEAN. The logo of the RCBC bank is seen at the RCBC building in Manila's financial district on March 11, 2016. The bank owned by the late taipan Alfonso Yuchengco launched numerous initiatives to reinforce its anti-money laundering (AML) framework. File photo by AFP

Duterte, London attack, Bangladesh Bank heist | Midday wRap

Mar 23, 2017 - 1:20 PM

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DOJ wraps up probe into laundering of Bangladesh bank money

Sep 02, 2016 - 9:09 AM

Assistant State Prosecutor Gilmarie Fe Pacamarra says a resolution may be issued this September

Alfonso Yuchengco steps down as RCBC honorary chair

Aug 31, 2016 - 11:41 AM

The 92 year old taipan is appointed RCBC chairman emeritus in recognition of his distinguished service

RETIREMENT. Taipan Alfonso Yuchengco retires as honorary chairman of RCBC but the board has approved his appointment as chairman emeritus 'in recognition of his distinguished service.' Alfonso Yuchengco's photo from RCBC official website

P1B fine unlikely to weaken RCBC's financial profile - Fitch

Aug 09, 2016 - 8:45 PM

The P1 billion penalty is the largest ever imposed by the Bangko Sentral ng Pilipinas and is equivalent to about 20 of RCBC s 2015 net income

STABILITY. Fitch Ratings says RCBC will remain financially stable in the medium term despite the lender's involvement in the $81 million Bangladesh Bank heist

BSP fines RCBC P1B over Bangladesh heist

Aug 05, 2016 - 6:08 PM

RCBC says it will pay the fine in two equal tranches over a one year period P500 million upon approval by the BSP and P500 Million one year after

Bangladeshi officials assured of help in reclaiming laundered $15M

Aug 03, 2016 - 6:53 PM

John Gomes: This case involving about 15 million is pending but I think within one month they should be resolving that case and we will be getting back our money

JOHN GOMES. Bangladesh Ambassador to the Philippines John Gomes says after the Senate probe, the investigation on the Bangladesh Bank heist became quiet. Photo by Alecs Ongcal/Rappler

Rappler Talk: Data privacy and cybercrime prevention

Jul 05, 2016 - 5:00 PM

How can consumers avoid falling prey to data privacy breaches?

Party-list winners, bank heist probe, EgyptAir 804 | 12PM wRap

May 20, 2016 - 12:42 PM

Watch Rappler s 12PM newscast with Maria Ressa

RCBC president and CEO Lorenzo Tan resigns

May 06, 2016 - 6:35 PM

He resigned to give the Board a free hand in directing the course of the Bank’s future RCBC says in a statement

SENATE PROBE. RCBC president and CEO Lorenzo Tan attends the Senate probe into the stolen Bangladesh Bank funds in March. 2016. Photo by LeAnne Jazul/Rappler

PH voter data, RCBC treasurer, Queen Elizabeth at 90 | 6PM wRap

Apr 21, 2016 - 7:01 PM

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RCBC treasurer quits amid probe into $81-M Bangladesh bank heist

Apr 21, 2016 - 3:29 PM

RCBC says Raul Victor Tan resigned out of decency and honor and despite his lack of involvement in the scandal because of command responsibility Former branch manager Maia Deguito worked under him

White, black, gray hat hackers: What's the diff?

Apr 19, 2016 - 7:35 PM

The motivations of hackers distinguish them from each other

Bangladesh Bank heist, Panama Papers, Will and Kate | 6PM wRap

Apr 12, 2016 - 7:13 PM

Watch Rappler’s 6PM newscast with Chay Hofileña

RCBC: SWIFT messages from Bangladesh Bank 'vague,' 'not urgent'

Apr 12, 2016 - 1:46 PM

UPDATED The requests from the Bank of Bangladesh were not priority Some were even vague RCBC s Maria Cecilia Estavillo says

Photo by Alecs Ongcal/Rappler

Rodrigo Duterte, Tan vs Deguito, Garcia drops Binay | 12PM wRap

Apr 12, 2016 - 12:43 PM

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SWIFT on $81M bank heist: Our system wasn't breached

Apr 07, 2016 - 4:55 PM

A SWIFT official says it is the responsibility of member banks to ensure there is nothing wrong in their payment transactions

NO LIABILITIES. SWIFT says it is not liable for the $81-million financial crime involving Bangladesh Bank and the Philippine financial system. Image from Wikipedia

Bangladesh Bank heist, Bradley on Pacquiao, Facebook | 12PM wRap

Apr 07, 2016 - 12:35 PM

Watch Rappler’s 12PM newscast with Maria Ressa

Ex-DOF head: FBI, other bodies should probe $81-M bank heist

Apr 06, 2016 - 6:37 PM

Former finance secretary Roberto de Ocampo says the truth behind the 81 million bank heist cannot be discovered through a public Senate investigation

Laylo survey, Bangladesh Bank heist, Suu Kyi | 6PM wRap

Apr 05, 2016 - 7:07 PM

Watch Rappler’s 6PM newscast with Zak Yuson

Kidapawan hearing, Wong returns P38.28M, Taliban app | 12PM wRap

Apr 05, 2016 - 12:32 PM

Watch Rappler’s 12PM newscast with Zak Yuson

Approval ratings, Comelec leak, Panama Papers | 6PM wRap

Apr 04, 2016 - 7:35 PM

Watch Rappler’s 6PM newscast with Maria Ressa

#AnimatED: Money-laundering at RCBC test for Bangko Sentral

Apr 04, 2016 - 9:00 AM

Will the country’s financial regulator sanction Rizal Commercial Banking Corporation?

SWIFT system and the $81-M money laundering issue

Apr 03, 2016 - 3:18 PM

Behind many international money transfers is the SWIFT system — a messaging network used by banks and other financial institutions to securely and quickly send money transfer instructions

MT 103. A SWIFT code orders an inward remittance of $81 million to the Philippines from Bangladesh Bank

6 things we know about RCBC money-laundering scam

Apr 02, 2016 - 10:00 AM

Since the Anti Money Laundering Council started its probe into the heist on February 19 a lot has happened – from confessions to resignations

UNLEASHES. More leads surface as key witness Kim Wong faces the Senate, steering authorities to the location of the stolen money and two alleged main players in the money-laundering case. Photo by Alecs Ongcal/Rappler

Bangladesh authorities head to PH to probe heist

Apr 01, 2016 - 1:24 PM

Bangladesh Ambassador to the Philippines John Gomes hopes to recover the rest of the 81 million stolen from the country s central bank

RIGHT DIRECTION. Bangladesh Ambassador to the Philippines Maj. Gen. John Gomes says the return of $4.63 million from Wong is a step in the right direction. Photo by Alecs Ongcal/Rappler

Pulse Asia poll, Wong returns $4.6M, Salah Abdeslam | 12PM wRap

Apr 01, 2016 - 12:49 PM

Watch Rappler’s 12PM newscast with Maria Ressa

Network: Who's who in the RCBC money-laundering scam

Mar 31, 2016 - 6:30 PM

(UPDATED) Various names have been tagged in the biggest money laundering scandal to ever hit the Philippines. Rappler traces their connections with each other.

Ejercito graft case, bank heist probe, Ebola | 6PM wRap

Mar 30, 2016 - 6:55 PM

Watch Rappler’s 6PM newscast with Maria Ressa

Kim Wong, Wurtzbach on dating, Azkals vs N. Korea | 12PM wRap

Mar 30, 2016 - 12:01 PM

Watch Rappler’s 12PM newscast with Maria Ressa

Casino junket operator gives new leads in Bangladesh bank heist

Mar 30, 2016 - 9:56 AM

More leads surface as key witness Kim Wong faces the Senate steering authorities to the location of the stolen money and two alleged main players in the money laundering case

DENIES. Kim Wong tells senators he does not know where the $81 million came from. Photo by Alecs Ongcal/Rappler

PhilRem, Kim Wong differ on missing $17-M Bangladesh Bank funds

Mar 29, 2016 - 8:09 PM

UPDATED Wong also vehemently denies any link to the money laundering scandal telling senators he does not know where the 81 million came from

KIM WONG. Appearing before the Senate, Kim Wong denies any links to money laundering operations. Photo by Alecs Ongcal/Rappler

After RCBC mess, Roxas wants tougher anti-money laundering law

Mar 29, 2016 - 7:00 PM

The presidential bet warns that if the situation is not addressed the Philippines might gain a reputation for being a money laundering center

The Senate probes on the Bangladesh bank heist on Mar 29, 2016. Photo by Alecs Ongcal/Rappler

BIR checking if Bangladesh Bank heist personalities paid taxes

Mar 29, 2016 - 5:11 PM

We re looking into it says BIR chief Kim Henares when asked about a possible BIR probe into people linked to the money laundering scam

$951M stolen money would have gone to RCBC

Mar 29, 2016 - 1:09 PM

UPDATED The hackers plan was to order 35 transfers worth 951M to RCBC then to 5 accounts in the bank says Senator Guingona citing data from Bangladesh Bank

PROOF. Senator Teofisto Guingona III shows a photo presented by casino junket agent Kim Wong during the third Senate hearing on the Bangladesh Bank heist. Photo by Alecs Ongcal/Rappler

RCBC manager no-show at Senate probe, cites health

Mar 29, 2016 - 12:13 PM

She has health problems in a situation full of stress and strain former senator Rene Saguisag the co counsel of Maia Santos Deguito tells the Senate blue ribbon committee

ASSURANCE. Former senator Rene Saguisag, co-counsel of Maia Santos-Deguito, tells the Senate blue ribbon committee that her client vows to attend the next hearings. Photo by Alecs Ongcal/Rappler

ISIS on Brussels blasts, AMLC, PH vs China | 12PM wRap

Mar 23, 2016 - 12:43 PM

Watch Rappler’s 12PM newscast with Chay Hofileña

RCBC fires bank manager, ex-assistant; eyes sanctions vs others

Mar 22, 2016 - 5:43 PM

Other branch and bank officials are expected to be meted out various sanctions ranging from termination to suspension in the coming days when the internal investigation is expected to be completed says RCBC

'FIRED.' RCBC branch Manager Maia Santos Deguito takes her oath during the Senate hearing on the Bangladesh Bank heist on March 15, 2016.Photo by Mark R. Cristino/EPA

Bangladesh bank heist, One Cebu drops Binay, Twitter | 6PM wRap

Mar 21, 2016 - 9:10 PM

Watch Rappler’s 6PM newscast with Chris Schnabel

Local banks eye measures to counter online attacks

Mar 21, 2016 - 5:11 PM

As shown in the attack on the Bangladesh central bank online thieves are getting increasingly sophisticated and focused online where they can do the most damage

Offshore to online: How money was laundered in the past

Mar 19, 2016 - 5:00 PM

From investing to businesses to offshore bank accounts past high profile cases highlight the many ways people hide money obtained illegally

Bangladesh central bank 'complicit' in heist – minister

Mar 18, 2016 - 10:15 PM

The Bangladesh finance minister tells a newspaper that Bangladesh Bank officials were 100 involved in the scandal

RESIGNATION. A photograph made available on 17 March 2016 shows governor of the Bangladesh Central Bank, Atiur Rahman, speaking to reporters after his resignation in Dhaka, Bangladesh, March 15, 2016. Reports state Atiur has resigned over the cyber heist of 81 million US dollars from the country’s foreign currency reserves. Photo by Nashirul Islam/EPA

SC junks Comelec appeal, RCBC, Warriors home streak | 6PM wRap

Mar 17, 2016 - 6:45 PM

Watch Rappler’s 6PM newscast with Zak Yuson