Federal Reserve Bank of New York - updates

Rappler's latest stories on Federal Reserve Bank of New York

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

U.S. hands bank accounts to Venezuela's Guaido

Jan 29, 2019 - 11:13 PM

Secretary of State Mike Pompeo has signed off on the order for Juan Guaido to control holdings in the Federal Reserve Bank of New York and federally insured banks

INTERIM. In this file photo, Juan Guaido speaks to the crowd during an extraordinary open meeting in front of the headquarters of the United Nations Development Programme in Caracas on January 11, 2019. File photo by Yuri Cortez/AFP

PODCAST: Money-laundering calls for an ‘007-type’ of probe

Apr 06, 2016 - 4:00 PM

Former finance secretary Roberto de Ocampo proposes an international probe on the 81 million stolen by hackers

William Go files 2 more forgery complaints vs Deguito, Torres

Mar 31, 2016 - 5:06 PM

From all the evidence presented to the public the former RCBC Jupiter Makati branch officers are now caught in their web of lies William Go says

SIMULATED FORGERY. William So Go says the forgery simply shows that he 'did not open the peso and dollar accounts with RCBC Jupiter.' Photo by LeAnne Jazul/Rappler

2 more criminal complaints against Deguito, Torres to be filed 'very soon'

Mar 21, 2016 - 6:59 PM

The duo falsified the bank opening documents for the purported peso and dollar accounts of Go with RCBC Jupiter branch Ex S R owner William So Go s legal counsel says

MORE CHARGES. The Filipino-Chinese businessman will file more charges against the RCBC branch manager who linked him to the Bangladesh Bank fund heist

Deguito: William Go wanted 10% of $81-M dirty money

Mar 21, 2016 - 2:53 PM

But Go s lawyer Ramon Esguerra denies this saying the RCBC branch manager was the one who offered the businessman P10 million to participate in the scheme

PLOT THICKENS. So Go is among those who are being investigated for a cross-border electronic fraud and money-laundering scheme. Photo by LeAnne Jazul/Rappler

Philrem president: I received instructions from RCBC manager

Mar 16, 2016 - 12:15 PM

Philrem president Salud Bautista also expresses concern over RCBC s decision to close all her personal and corporate accounts saying it was not covered by Anti Money Laundering Council s freeze order

 'STRANGE TRANSACTIONS.' Philrem president Salud Bautista says instructions to convert and deliver the alleged stolen funds came from the RCBC-Jupiter branch manager. Photo by LeAnne Jazul/Rappler

$81-M bank heist money trail hits dead end in casinos

Mar 16, 2016 - 7:55 AM

A Senate probe shows RCBC allowed the withdrawal of the money even after it received a stop payment order from the Federal Reserve Bank of New York

LIGHT AT THE END OF THE TUNNEL. Senators Sergio Osmeña III, author of AMLA, expresses frustrations over the country's strict bank secrecy and weak AMLA laws. Photo by LeAnne Jazul/Rappler

Bangladesh central bank governor quits over $81M heist

Mar 15, 2016 - 3:01 PM

4th UPDATE The audacious cyber theft embarrasses the government triggers outrage in the impoverished country and raises alarm over the security of the country s foreign exchange reserves of over 27 billion

In this file photo, Bangladesh Central Bank Governor Atiur Rahman takes part in a meeting on 'Illicit Financial Flows on the Post -2015 Development Agenda' during the 2014 IMF – World Bank Annual Meetings on October 11, 2014 in Washington, DC. Mandel Ngan/AFP

Include casinos, art in anti-money laundering law – SEC chief

Mar 14, 2016 - 7:13 PM

Teresita Herbosa who also co chairs the Anti Money Laundering Council says her office will now push for the inclusion of casinos in the coverage of the Anti Money Laundering Act

STRENGTHEN AMLA. 'We need to strengthen the law, Money laundering can only be stopped if everyone in the world cooperates," AMLC's Teresita Herbosa says. Rappler photo

RCBC branch manager not allowed to leave Philippines

Mar 12, 2016 - 10:42 AM

UPDATED Maia Santos Deguito was already aboard Philippine Airlines flight 432 when she was offloaded on orders of the immigration bureau an airport official says

HEATS UP. The probe on $100-million bank heist in downtown Manhattan heats up

RCBC chief offers to go on leave

Mar 11, 2016 - 5:28 PM

This is to give the bank a free hand in probing money laundering allegations involving a Makati branch and its branch manager says the lawyer of RCBC president and CEO Lorenzo Tan

ALLEGATIONS DENIED. Tan says his track record of 18 years in the local banking industry is unblemished. Photo from RCBC Website

Ex-S&R owner to sue RCBC manager over heist

Mar 11, 2016 - 3:33 PM

William Go clarifies that his signature that appeared on RCBC’s records was forged

LEGAL BATTLE CONTINUES. Go's legal counsel says his office is looking to sue RCBC and its Jupiter branch manager

RCBC, 3 casinos linked to $100M Bangladesh Bank fund heist

Mar 09, 2016 - 5:27 PM

RCBC president and CEO Lorenzo Tan denies allegations that the bank s top management knew of the alleged money laundering activities

TECHNICAL GLITCHES. RCBC says its automated teller machines are having some technical problems

$100M stolen from US account traced to PH, Sri Lanka

Mar 09, 2016 - 8:08 AM

Bangladesh says the stolen money was illegally transferred online to the Philippines and Sri Lanka

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