bank security - updates

Rappler's latest stories on bank security

ARTICLE FINDER

Most Filipinos still not shifting to EMV chip cards – survey

Apr 19, 2018 - 12:10 PM

The deadline for the country’s shift to EMV chip technology looms yet many Filipinos continue to use magnetic stripe cards. Here’s why

Important things to know about the security of your ATM card

Jan 19, 2018 - 2:43 PM

Replacing your magnetic stripe card with EMV chip is the first step. Here’s why you need to #MakeTheShift

Constitution amendments, Mayon Volcano, The Cranberries | Evening wRap

Jan 16, 2018 - 8:36 PM

Watch the evening newscast with Acor Arceo

Christmas 2017 bank schedules

Dec 20, 2017 - 9:00 PM

(4th UPDATE) Here are Philippine banks' operating hours for the holiday season

Australia's biggest bank accused of 'breaching terror-financing laws'

Aug 03, 2017 - 2:41 PM

AUSTRAC says it is taking civil action against the Commonwealth Bank in the Federal Court for allegedly breaching the laws 53 700 times

UNDER SCRUTINY. A pedestrian passes a Commonwealth Bank branch in Sydney on August 10, 2016. Peter Parks/AFP

RCBC chief counsel Estavillo quits

Nov 29, 2016 - 1:10 PM

RCBC announces the resignation of lawyer Maria Celia Fernandez Estavillo over a week after the Anti Money Laundering Council filed criminal charges against several RCBC officers

RESIGNATION. Estavillo is the lawyer who represents Rizal Commercial Banking Corporation (RCBC) in the $81-million Bangladesh Bank heist case. Photo by Alecs Ongcal/Rappler

AMLC files charges vs RCBC officers on Bangladesh Bank heist

Nov 22, 2016 - 6:31 PM

The former treasurer and 5 other officers and employees of listed Rizal Commercial Banking Corporation RCBC are charged for violating Republic Act 9160 or the Anti Money Laundering Act of 2001

CHARGES FILED. Philippine senators probe into the location of the stolen money and main players in the money-laundering case. Photo by Alecs Ongcal/Rappler

RCBC reorganizes board after Bangladesh Bank heist scandal

Jul 26, 2016 - 9:05 PM

In the wake of the scandal RCBC strengthens its board of directors increasing the number of independent directors to 7 from the previous 4

AFTERMATH. In the wake of the Bangladesh Bank heist scandal, RCBC strengthens its board of directors. Rappler file photo

Bangladesh envoy to Duterte: Help us recover $81M stolen funds

Jul 21, 2016 - 8:30 PM

If the President is so serious about crime and corruption I think this is an issue that should be addressed Bangladesh Ambassador to the Philippines John Gomes says

'IN THE DARK'. 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

Israel bars all Palestinians after Tel Aviv attack – army

Jun 10, 2016 - 2:45 PM

An army spokeswoman says crossings to Israel from the West Bank and the Gaza Strip would be closed for Palestinians in all but medical and humanitarian cases

TEL AVIV SHOOTING. Police at the scene of a shooting in Sarona complex in Tel Aviv, Israel, June 8, 2016. File photo by Jim Hollander/EPA

Will Senate revive probe into Bangladesh Bank heist?

Jun 10, 2016 - 11:30 AM

The 16th Congress adjourns with no resolution to the probe into Bangladesh Bank s stolen millions

A REVISIT? Senate President Franklin Drilon says Bangladesh Bank heist resolution is now up to the 17th Congress. Photo by Alecs Ongcal/Rappler

BSP cancels registration of PhilRem, Werquick, Peso Remittance

Jun 01, 2016 - 5:45 PM

The cancellation stems from PhilRem s role in the elaborately planned 81 million Bangladesh Bank heist

'CLEANING HOUSE'. PhilRem owners Salud Bautista (C) and Michael Bautista (R) did not attend the last Senate hearing on the Bangladesh Bank money laundering scam. File photo by Alecs Ongcal/Rappler

RCBC names new officials after bank heist probe

May 31, 2016 - 5:12 PM

As the Senate probe into the bank heist ends the embattled bank appoints new key officials

MOVING ON. The appointment comes after The Bangko Sentral ng Pilipinas and the Senate Blue Ribbon Committee have completed investigations on the money laundering scandal

Hard lessons learned as Senate ends bank heist probe

May 20, 2016 - 11:27 AM

Senators assure an upset Bangladesh Ambassador John Gomes that the money stolen from his government would be returned up to the last centavo as the Senate ends its probe on the grand money laundering scheme

LAST HEARING. Senate blue ribbon committee ends its two-month probe into the Bangladesh Bank fund heist on May 19. Photos by Chrisee Dela Paz/Rappler

PhilRem owners no-show in last Senate hearing on bank heist

May 19, 2016 - 5:35 PM

PhilRem has the lowest credibility among them all They are consistently inconsistent says Senator Guingona as the blue ribbon committee wraps up its probe

NO SHOW. PhilRem owners Salud Bautista (C) and Michael Bautista (R) did not show up at the last Senate hearing on Bangladesh Bank money laundering scam. Photo by Alecs Ongcal/Rappler

SWIFT reports new 'sophisticated' bank hacker attack

May 14, 2016 - 12:15 PM

SWIFT says the latest attack is clearly part of a wide ranging campaign targeting banks

epa00754280 An image showing the SWIFT logo at their headquarters in Brussels, Monday 26 June 2006. Belgium has launched an inquiry into a US spy programme to monitor international banking transactions through Belgium-based intermediary SWIFT. Belgian financial cooperative Swift on Friday, 23 June 2006 confirmed that it had followed a request by the United StatesÔ government to transfer data to the US Department of the Treasury. The statement followed US media reports Friday which said that the US government gained access to worldwide banking records under a secret programme to examine the transfers of alleged al-Qaeda suspects following the September 11 attacks. EPA/JACQUES COLLET

7 banks extend operating hours to help decongest ports

Apr 04, 2016 - 5:30 PM

These banks are Deutsche Bank Security Bank Asia United Bank Metrobank RCBC BDO and EastWest

EXTENDED HOURS. The Bureau of Customs says it is already seeing faster movement within ports in terms of released shipments over the weekends

AMLC to draft bill relaxing bank secrecy

Apr 01, 2016 - 9:39 AM

But an Anti Money Laundering Council member says there may be no longer enough time to pass the bill under the Aquino administration

URGENTLY NEEDED. Dooc says he has heard President Benigno Aquino III is willing to certify the bill as urgent. Photo by LeAnne Jazul/Rappler

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.

Italy cracks down on Philippine remittance agencies

Mar 31, 2016 - 6:13 PM

UPDATED In December 2014 RCBC s remittance company in Italy faced a hefty fine of 74 445 10 for its failure to comply with the country’s stringent anti money laundering enforcement

DISASTROUS. Finance Secretary Cesar Purisima says if foreign banks continue to close down more accounts, the cost of remitting money for OFWs can double.

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

How to safeguard the Philippines from dirty money

Mar 23, 2016 - 11:45 AM

The Anti Money Laundering Council must fight dirty money but they need some help

BLACK HOLE. The dirty money entered the Philippines was traceable until entered the black hole of casinos, Senator Guingona says. Photo by LeAnne Jazul/Rappler

After Bangladesh bank heist, Poe calls for bank disclosures in PH

Mar 17, 2016 - 7:00 AM

It s not a question of whether we should lift the Bank Secrecy Law It s a matter of when we re going to do it says the presidential candidate

BANK DISCLOSURES. Presidential candidate Grace Poe says it's time that bank disclosures become the trend in the Philippines. Screenshot from Rappler

Escalation feared after Israeli settlements stabbings

Jan 18, 2016 - 6:31 PM

UPDATED Sunday s killing provokes fears that the attacks are worsening and that Israel will impose a harsh security crackdown on Palestinians

Israeli soldiers blocking the entrance to the Israeli Jewish settlement of Otniel, in the West Bank, January 17, 2016. Abir Sultan/EPA

Banks announce Holy Week schedule

Mar 31, 2015 - 12:38 PM

Clients are encouraged to fulfill their banking transactions ahead of the long weekend

Hackers infiltrate banks, steal up to $1B

Feb 16, 2015 - 2:05 PM

The Carbanak gang s cyber robbery affects more than 100 banks and financial institutions in at least 30 countries

CARBANAK CYBERGANG. An infographic explaining how the Carbanak cybergang stole money from banks. Image from Kaspersky.

ANZ, Mizuho Bank to help finance Ilocos wind project expansion

Jun 28, 2014 - 1:52 PM

With the new loan of 90 million for the project in the Energy Development Corporation says it is on track to complete the 87 MW Phase 1 of the project by fourth quarter 2014

EXPANSION. Energy Development Corporation bank rolls its Burgos, Ilocos Norte wind power project expansion through additional loans from ANZ and Mizuho banks. Photo from EDC website

PNB, Security Bank to help finance Burgos wind project expansion

Jun 17, 2014 - 1:49 PM

The Lopez led EDC secures bank loans to partially finance the project raising total investment cost to 450 million

EXPANSION. Energy Development Corporation bank rolls its Burgos, Ilocos Norte wind power project expansion through loans from PNB and Security Bank. Photo from EDC website