money laundering
ARTICLE FINDER

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

AMLC adopts stricter controls against money laundering

Dec 06, 2017 - 8:46 PM

The new controls include the requirement to upload reports of suspicious transactions within 5 days of occurrence as well as separate know-your-customer documents

Sedition, coup, graft complaints filed vs Trillanes

Nov 16, 2017 - 2:28 PM

(2nd UPDATE) Senator Antonio Trillanes IV says the complaints will not stop him from 'exposing' President Rodrigo Duterte and his son, Davao City Vice Mayor Paolo Duterte

OPPOSITION SENATOR. Senator Antonio Trillanes IV faces several complaints filed by lawyers allied with the Volunteers Against Crime and Corruption. Photo from Senate PRIB

Duterte in Japan, Balag counter-affidavit, Trump aides charged | Midday wRap

Oct 31, 2017 - 12:59 PM

Watch the midday newscast with Mara Cepeda

Six in court over 'bitcoin drug money laundering'

Oct 26, 2017 - 11:08 AM

Dutch prosecutors claim that the suspects swapped their ill-gotten bitcoin for hundreds of thousands of euros


Calida threatens Ombudsman with lawsuit, impeachment

Oct 04, 2017 - 2:17 PM

'They are destabilizing the presidency of Rodrigo Duterte, and we will not let that happen,' says Solicitor General Calida

LAWSUITS. Solicitor General Jose Calida threatens Overall Deputy Ombudsman Arthur Carandang of lawsuits falling under the Anti-Money Laundering Act. Photo by Lian Buan/Rappler

Did Carandang commit breaches, and can the President remove him?

Oct 04, 2017 - 8:44 AM

The provision granting the President the power to remove a Deputy Ombudsman was declared unconstitutional by the Supreme Court in 2014

 CONFIDENTIAL. Overall Deputy Ombudsman Arthur Carandang maintains he observed confidentiality in the ongoing investigation into the wealth of President Rodrigo Duterte and his family. Photo by Lian Buan/Rappler

Duterte dares: Shoot me if I have more than P40M

Oct 02, 2017 - 5:25 PM

(3rd UPDATE) President Rodrigo Duterte says evidence against him is 'illegally obtained'

[Newspoint] Duterte vs the people's right to know

Sep 30, 2017 - 2:30 PM

At any rate, the unsorted question about who provided the bank records loses much of its relevance in the glare of the damning evidence the records themselves reveal

Panelo hits Ombudsman exec for 'disclosing' Duterte bank records

Sep 28, 2017 - 6:35 PM

Chief Presidential Legal Counsel Salvador Panelo warns Overall Deputy Ombudsman Arthur Carandang that this could mean administrative sanctions

DEFENDING DUTERTE.  Chief Presidential Legal Counsel Salvador Panelo defends Duterte from allegations of hidden wealth. Malacañang file photo

AMLC's bank records on Duterte show P1-B flow of money – Ombudsman

Sep 27, 2017 - 8:48 PM

(UPDATED) The Ombudsman now has a copy of bank records from the AMLC which, according to the Overall Deputy Ombudsman, 'more or less' look like the documents submitted by Trillanes

WEALTH. President Rodrigo Duterte's wealth is put under scrutiny as the Office of the Ombudsman begins its probe into the complaint of Senator Antonio Trillanes IV. Photo by Lito Boras/Rappler.com

Singapore bank says it has no Trillanes account

Sep 19, 2017 - 12:47 PM

(UPDATED) 'Hongkong Shanghai Bank,' the second bank in Singapore where the senator allegedly has an account, does not exist in the location cited by allies of President Rodrigo Duterte

NO ACCOUNT. The DBS Bank in Alexandra Road in Singapore says Senator Antonio Trillanes IV has no account with them contrary to the claim of President Rodrigo Duterte. Screencap from Trillanes' video

ASEAN officials begin talks to battle terrorism, illegal drugs

Sep 18, 2017 - 7:50 PM

Other crimes such as human trafficking, money laundering, and intellectual property theft are also on the agenda of the officials' meeting in the Philippines

ALL AGAINST CRIME. ASEAN senior officials join hands in a show of solidarity against transnational crime during the preparatory meeting for the 11th ASEAN Ministerial Meeting on Transnational Crime (AMMTC). ASEAN photo

AMLC confirms receipt of Trillanes' bank secrecy waivers

Sep 14, 2017 - 12:48 PM

In this regard we will evaluate the submitted Sworn Waiver and revert to you the soonest says AMLC Executive Director Mel Georgie Racela in a letter dated Wednesday September 13

Sen. Trillanes press con denying the bank accounts PRRD accused him of having. The senator is seen showing the members of the media the waivers he signed and copies of the supposed to be bank accounts. Photo by Angie de Silva/Rappler

Duterte refuses to sign bank secrecy waiver

Sep 13, 2017 - 7:27 AM

President Duterte expounds on his allegations against Senator Antonio Trillanes IV and says his critic has perfected the art of crime

President Rodrigo Roa Duterte, in his speech during the closing ceremony of the 26th Mindanao Business Conference (MINBIZCON) at the Xavier Sports and Country Club in Cagayan de Oro City on September 9, 2017, reiterates that he will eradicate corruption and restore peace and order in Mindanao so that the island can become more conducive for business. Malacañan Photo

Trillanes, Reynaldo de Guzman, Faeldon | Evening wRap

Sep 11, 2017 - 9:06 PM

Watch the evening newscast with Chay Hofileña

Panelo on Trillanes' challenge to Duterte: Previous 'waiver' still valid

Sep 11, 2017 - 5:25 PM

But the Special Power of Attorney signed by President Rodrigo Duterte in May 2016 does not explicitly allow banks to reveal the transaction history of his accounts

Trillanes denies offshore accounts, vows to sign bank secrecy waiver

Sep 10, 2017 - 6:40 PM

Ibabalandra ko isasampal ko yan sa mukha ni Duterte says opposition Senator Antonio Trillanes IV referring to certification from banks which would prove he does not own the accounts in question

BANK ACCOUNTS. Opposition Senator Antonio Trillanes IV denies owning offshore accounts and says he will 'slap' President Rodrigo Duterte's face with proof. File photo by Joseph Vidal

DOJ clears Philrem officials in Bangladesh Bank heist

Sep 07, 2017 - 10:35 PM

But the Department of Justice junks the appeal of former RCBC branch manager Maia Deguito who faces money laundering charges

CLEARED. Philrem president Salud Bautista appears before a Senate hearing in 2016 and claims she was instructed by RCBC-Jupiter branch manager Maia Deguto to convert and transfer stolen funds. Photo by LeAnne Jazul/Rappler

Napoles, Revilla camps try to block bank witnesses in plunder trial

Sep 07, 2017 - 6:08 PM

Bank records show withdrawals by Napoles NGOs

PLUNDER HEARING. Detained former senator Bong Revilla is into the 3rd month of his plunder trial arising from allegations that he received P224.5 million in kickbacks from his pork barrel. Photo by Lian Buan/Rappler

Senators ask Comelec chief to waive bank secrecy rights

Aug 23, 2017 - 1:00 PM

UPDATED The Senate committee on banks financial institutions and currencies invites Comelec chief Andres Bautista to attend its next hearing on his controversial bank deposits

ACCUSED. Commission on Elections chief Andres Bautista is accused of obtaining ill-gotten wealth. Photo by Ben Nabong/Rappler

BSP moves to strengthen banks' governance

Aug 22, 2017 - 5:58 PM

The central bank says the amendments to the BSP corporate governance guidelines raise the bar on the expectations from the board of directors and risk management systems of its supervised financial institutions

BSP outlines new rules, penalties for money launderers

Aug 15, 2017 - 8:50 PM

These new rules and penalties will cover all BSP supervised personnel and are designed to ensure that the Philippines shall not be used as a money laundering site

Bautista may face charges even if settlement reached with wife – Aguirre

Aug 09, 2017 - 6:10 PM

Justice Secretary Vitaliano Aguirre II says Comelec Chairman Andres Bautista s stint as PCGG head is also being investigated for possible anomalies

EMBATTLED. Comelec Chairman Andres Bautista faces possible graft and money laundering cases if the NBI probe yields strong evidence, according to Justice Secretary Vitaliano Aguirre II. Photo by Nelson Vera/Rappler

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

Senate to discuss fraud case with Metrobank, AMLC, BSP

Jul 25, 2017 - 5:45 PM

Senator Francis Escudero says his committee will review if there is a need to launch a Senate probe into the P900 million internal fraud at Metrobank

CALLED TO EXPLAIN. Metrobank, BSP, and AMLC will need to update the Senate on their probe into the P900-million internal fraud at Metrobank. In the photo is George Ty, the owner of Metrobank. Photo by Alecs Ongcal/Rappler

Banking sector backs Metrobank to pull through P900 M fraud case

Jul 21, 2017 - 8:11 PM

The Bangko Sentral ng Pilipinas says Metrobank is well capitalized enough to deal with the situation although it will conduct an investigation into the bank’s internal controls

Martial law, AMLA amendment, Mahathir | Evening wRap

Jul 19, 2017 - 8:16 PM

Watch the evening newscast with Marguerite de Leon

Casinos now covered by anti-money laundering law

Jul 19, 2017 - 2:34 PM

UPDATED Casinos are now required to report casino cash transactions exceeding P5 million according to AMLA amendments signed by President Rodrigo Duterte

Anti-graft court orders AMLC to open records for Jinggoy Estrada defense

Jun 15, 2017 - 10:08 PM

The Sandiganbayan says the ex senator s right to access information to prove his innocence outweighs the bank secrecy law being invoked by the anti money laundering body

Are you familiar with the casino chips system?

Jun 07, 2017 - 5:30 PM

Global anti money laundering body Financial Action Task Force warns that dead chips are often the instrument of choice of criminals as these are difficult to detect in cross border movements

COA finds unauthorized cash advances for AMLC’s ‘confidential projects’

Jun 01, 2017 - 9:34 PM

The COA says cash advances for the plans named Flinstone Arlim and Alkalde exceeded the allowable limit set under Joint Circular No 2015 01

Senate, House OK on final reading bills including casinos in AMLA

May 30, 2017 - 12:20 PM

UPDATED The two chambers of Congress are set to convene a bicameral conference committee to finalize the measure before President Rodrigo Duterte signs it into law

CASINOS UNDER AMLA. Tourist and casino players arrive at the grand opening of the City of Dreams mega-casino in Manila on February 2, 2015. File photo by Jay Directo/AFP

Singapore fines Credit Suisse, local bank over 1MDB

May 30, 2017 - 12:12 PM

The Monetary Authority of Singapore MAS the country s central bank said it also imposed lifetime bans on two bankers and a 15 year prohibition order on a third

A motorist rides past a hoarding at the construction site of the 1 Malaysia Development Berhad (1MDB) flagship Tun Razak Exchange in Kuala Lumpur on July 8, 2015. Manan Vatsyayana/AFP

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

Illicit financial flows in developing countries ‘persistently high’

May 02, 2017 - 7:16 PM

A recent finding from Global Financial Intergrity shows illicit financial flows amounted to at least 1 trillion of developing country total trade in 2014

Panama Papers law firm partners get bail

Apr 22, 2017 - 11:31 AM

The lawyer of Juergen Mossack and Ramon Fonseca says the two were freed on bail of 500 000 each

AMLC rejects Trillanes' request for Duterte bank transactions

Apr 06, 2017 - 5:15 PM

Ang gawin ni Duterte ay pumirma ng waiver Marami ka pang drama marami ka pang arte Para malaman ng taong bayan ano ang totoo says Senator Antonio Trillanes IV

DENIED. The Anti-Money Laundering Council rejects the request of Senator Antonio Trillanes IV to release the bank transactions of President Rodrigo Duterte. Photo by Camille Elemia/Rappler

#ThewRap: Things you need to know, March 23, 2017

Mar 23, 2017 - 11:08 AM

Hello Here are the stories you shouldn t miss this Thursday

U.S. suspects North Korea behind $81M Bangladesh theft – report

Mar 23, 2017 - 9:56 AM

The Wall Street Journal reports prosecutors were developing cases showing Chinese middlemen helped the North Korean government orchestrate the enormous theft from the Bangladesh 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

AMLC appeals Sandigan order to show PDAF probe records

Mar 17, 2017 - 11:16 AM

The production in court of the AMLC memorandum containing such bank accounts and transactions would not only violate confidentiality but would also jeopardize the ongoing investigation of the AMLC

Lascanas, Yasay, Napoles | Evening wRap

Mar 06, 2017 - 10:06 PM

Watch the evening newscast with David Lozada

U.S. labels Philippines as major money laundering site again

Mar 06, 2017 - 12:45 PM

For the US State Department money laundering remains a serious concern in the Philippines due to its international narcotics trade corruption and weak laws

DIRTY MONEY SITE. The US State Department says sophisticated transnational organized crime and drug trafficking organizations use the Philippines as a drug transit country. Rappler file photo

Who's the officer-in-charge of PH's Anti-Money Laundering Council?

Mar 05, 2017 - 10:00 AM

CPA lawyer Mel Georgie Racela is officer in charge of the Anti Money Laundering Council Secretariat until July 31 2017

South China Sea, Estrada, exoplanets | Midday wRap

Feb 23, 2017 - 1:56 PM

Watch the midday newscast with Paterno Esmaquel

Anti-graft court orders AMLC to show records of PDAF probe

Feb 23, 2017 - 8:31 AM

Siding with Senator Jinggoy Estrada the Sandiganbayan says the Anti Money Laundering Council cannot invoke confidentiality because these will show if it properly investigated the senator s supposed link to Janet Lim Napoles

LOOK: Trillanes asks AMLC to release Duterte bank transactions

Feb 21, 2017 - 8:59 PM

The opposition senator says he s called the President s political bluff and writes to the Anti Money Laundering Council for Duterte s bank records starting 2006

ASKING THE AMLC. Senator Antonio Trillanes IV. Senate file photo

Trillanes: Duterte's order to AMLC 'just political bluff'

Feb 18, 2017 - 9:39 AM

Tama na yang mga bola mo Mr President buksan mo na kung wala kang tinatago says Senator Antonio Trillanes IV

'POLITICAL BLUFF.' In this photo, Senator Sonny Trillanes talks about President Rodrigo Duterte's bank accounts. File photo by Joseph Vidal/PRIB

Duterte orders AMLC to show his net worth

Feb 17, 2017 - 10:02 PM

The President says he has asked AMLC to provide information about his net worth to refute the allegations of Senator Antonio Trillanes IV about his supposedly hidden wealth

REFUTING ALLEGATIONS. President Duterte insists he and his family have never been involved in corruption. Photo by Toto Lozano/PPD

US queries PayPal in money laundering probe

Feb 09, 2017 - 12:09 PM

We have received subpoenas from the US Department of Justice seeking the production of certain information related to our historical anti money laundering program says Paypal

PAYPAL. The logo of online payment company PayPal is pictured during LeWeb 2013 event in Saint-Denis near Paris on December 10, 2013. File photo by Eric Piermont/AFP