money laundering - updates

Rappler's latest stories on money laundering

ARTICLE FINDER

Spain fines staff of China's ICBC for money laundering

Jul 03, 2020 - 11:20 AM

Former employees of the Industrial and Commercial Bank of China are fined 22.7 million euros ($25.5 million) in Spain

The logo of the Madrid branch of China's biggest lender ICBC is pictured the building facade after its director and a deputy director were arrested as part of a probe into the suspected laundering of at least 40 million euros ($44.5 million) in Madrid on February 17, 2016. - The bank is suspected of being used to "introduce into the financial system funds earned through the alleged crimes of smuggling, tax fraud and the violation of workers' rights, allowing the transfer of the funds to China in a way that appeared legal," the police statement said. (Photo by JAVIER SORIANO / AFP)

UK fines Commerzbank over money laundering failures

Jun 17, 2020 - 9:00 PM

Commerzbank is ordered to pay a fine of almost £38 million ($47.9 million)

Picture taken on May 13, 2020 shows the logo of German bank Commerzbank on one of the bank's branches in Berlin. - Germany's second-largest lender Commerzbank sank into a loss in the first quarter as it took a hit of 479 million euros over the coronavirus pandemic, it said Wednesday, May 13, 2020. (Photo by John MACDOUGALL / AFP)

Duterte says POGOs 'clean,' but AMLC warns of dirty money

Mar 11, 2020 - 11:55 AM

The Anti-Money Laundering Council flags the lack of transparency and low level of awareness of rules in the online gaming industry

'Group in alleged money laundering scheme offered P20M bribe' – Gordon

Mar 10, 2020 - 7:22 PM

'I am chagrined. Ang lalakas ng loob nitong mga ‘to. Akala nila kaya nila kong bilhin,' says Senator Richard Gordon

'BRIBE'. Senator Richard Gordon holds a paper where the names of the members of a certain Rodriguez family alleged to have brought into the country some $283 million in cash since July last year were written. Photo by Joseph Vidal/Senate PRIB

'We are losing fight' vs dirty money, Gordon tells AMLC

Mar 05, 2020 - 4:39 PM

(UPDATED) 'I don't see any enthusiasm on the part of AMLC to make this thing work,' says Senator Richard Gordon

LOSING END. Senator Richard Gordon talks to the meda after the hearing on the alleged money laundering associated with the operations of POGOs on March 5, 2020. Photo by Angie de Silva/Rappler

Money laundering? Gordon says $447 million 'suspiciously' entered PH

Mar 03, 2020 - 6:26 PM

The Senate blue ribbon committee will investigate the multimillion-dollar cash flow into the Philippines on March 5

DIRTY MONEY? Senator Richard Gordon delivers his privilege speech today, Tuesday, March 3, 2020, on some controversies, particularly money laundering, involving POGO. Photo by Angie de Silva/Rappler

Dozens held in global money laundering swoop – Europol

Dec 04, 2019 - 8:44 PM

The swoop during September and November results in 228 arrests of people involved in so-called money muling, Europol says

In nearly 3-year drug trial, DOJ yet to submit AMLC report vs De Lima

Nov 26, 2019 - 5:20 PM

'Either the AMLC report is being manufactured...or the DOJ is simply engaged in a drawn-out fishing expedition,' says the camp of detained Senator Leila de Lima

DRUG TRIAL. Opposition Senator Leila De Lima attends her almost three-year running drug trial at the Muntinlupa RTC Branch 205 on November 8, 2019. Photo by Office of Senator Leila De Lima

Hollywood producer Riza Aziz arrested in Malaysia over 1MDB scandal

Jul 04, 2019 - 7:25 PM

'The Wolf of Wall Street' producer Riza Aziz was arrested on the suspicion of money laundering

Money for drugs, human trafficking coursed through PH banks – AMLC

May 23, 2019 - 1:35 PM

The Anti-Money Laundering Council finds 161,650 suspicious transactions totaling P17.9 trillion from 2013 to 2017. The amount was used to fund crimes like illegal drugs, human trafficking, and terrorism.

DOJ files money laundering cases vs RCBC execs

May 22, 2019 - 4:20 PM

RCBC says it is 'confident' that its officers 'will be vindicated' since its own probe found that they were not aware of the alleged money laundering

Peru's ex-president arrested in corruption case

Apr 11, 2019 - 12:38 PM

Judicial authorities say ex-president Pedro Pablo Kuczynski would be held for a preliminary period of 10 days 'for the alleged crime of money laundering in the Odebrecht case'

ARRESTED. Former Peruvian President Pedro Pablo Kuczynski is detained by police in Lima on April 10, 2019. Photo by Luka Gonzales/AFP

Russian bank linked to $470-B offshore network – report

Mar 05, 2019 - 6:55 PM

The Organized Crime and Corruption Reporting Project and 23 other news groups expose how billions of money were sent out of Russia to bank accounts registered in Lithuania

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

Andaya seeks AMLC help in probe of firms linked to Diokno's in-laws

Jan 03, 2019 - 3:02 PM

Aremar Construction uses at least 8 dummy contractors, including C.T. Leoncio Construction and Trading, to bag government projects in Sorsogon, claims House Majority Leader Rolando Andaya Jr

BANK RECORDS SOUGHT. Consolacion Leoncio, owner of C.T. Leoncio Construction and Trading, sits beside her lawyer during the House hearing on January 3, 2018. Photo by Mara Cepeda/Rappler

Duterte EO adopts strategy to fight money laundering, terrorism financing

Nov 21, 2018 - 5:09 PM

The strategy is to be implemented by government agencies from 2018 to 2022

Napoles children ask court permission to stay in U.S. indefinitely

Oct 19, 2018 - 4:32 PM

Jo Christine and James Cristopher want to fly to the United States on November 15 ‘until such time that the case pending before the U.S District Court be terminated’

U.S STAY. James Cristopher and Jo Christine Napoles ask the Sandiganbayan to be allowed to stay in the United States indefinitely.

Brazil federal police ask for president to be indicted for corruption

Oct 17, 2018 - 1:05 PM

The federal police have investigated for more than a year whether Michel Temer, who has been in power since May 2016, took bribes to issue a decree in May 2017 to benefit companies in the port sector

TEMER. Brazilian President Michel Temer reviews an honor guard upon his arrival at Moscow's Vnukovo Airport on June 20, 2017. File photo by Kirill Kudrayvtsev/AFP

AMLC report can be used vs Jinggoy Estrada – SC

Oct 07, 2018 - 5:12 PM

The Anti-Money Laundering Council report alleges that ex-senator Jinggoy Estrada received at least P157.6 million in kickbacks through the pork barrel scam

ADMISSIBLE. Former Senator Jinggoy Estrada arrives at the Sandiganbayan on September 25, 2017, to attend hearing on his plunder case. Photo by Darren Langit/Rappler

Malaysia ex-PM hit with 25 new charges over 1MDB scandal

Sep 20, 2018 - 8:06 PM

Najib is accused of abusing his position to receive funds totally 2.3 billion ringgit ($555 million) between 2011 and 2014

NAJIB RAZAK SPEAKS. Malaysia's former prime minister Najib Razak speaks to the media after being questioned at the Malaysian Anti-Corruption Commission (MACC) office in Putrajaya on May 24, 2018. File photo by Mohd Rasfan/AFP

[EDITORIAL] #AnimatED: Ang Napoles bathtub na nag-uumapaw sa pera

Aug 06, 2018 - 9:00 AM

Muling ipinaaalala sa atin ng US grand jury case ang mapait na leksyong hatid ng pork barrel scam at ang swindler sa likod ng operasyong ito

EXPLAINER: Can the Philippines extradite the Napoleses to U.S.?

Aug 03, 2018 - 6:43 PM

A former pork scam prosecutor warns against extraditing Napoles to the US ahead of the termination of their Sandiganbayan cases

EXTRADITION? The United States expresses interest in extraditing Janet Lim Napoles and 3 of her children over a money laundering indictment there.

U.S. indicts Napoles family for money laundering

Aug 01, 2018 - 10:50 AM

(4th UPDATE) The US Attorney’s Office for the Central District of California says Janet Lim Napoles transferred around $20 million of the money she got from the pork barrel scam to Southern California to buy real estate and business shares

INDICTED. Alleged pork barrel scam mastermind Janet Lim Napoles (center) and her children are indicted in the United States for money laundering

Company president's secretary convicted of money laundering

May 29, 2018 - 11:50 AM

Annabella Ylagan is found guilty of transferring her employer's funds to fictitious bank accounts, amassing P12 million in 4 years

AMLC zooms in on jewelers, fund managers, lawyers, accountants

May 23, 2018 - 9:45 PM

They are now required to register and submit deeds of undertaking to comply with the Anti-Money Laundering Act, as well as attend regular trainings

Maute assets probed as AMLC focuses on terror financing

Apr 19, 2018 - 4:54 PM

The Bureau of Internal Revenue investigates an unnamed individual who tried to claim the P52-million worth of Maute loot

TERROR MONEY. The Anti Money Laundering Council (AMLC) puts focus on investigating terrorism financing as they probe assets of the Maute terror group.

AMLC’s purchase of iPhone 7s flagged by COA

Apr 18, 2018 - 4:06 PM

AMLC drafts a budget for 24 Android phones for its investigators, but ends up buying only 16 units of the more expensive iPhone 7

FLAGGED. AMLC's purchase of 16 iPhone 7s for its investigators is flagged by the Commission on Audit.

Warrants out vs Xian Gaza over investment scam – reports

Apr 10, 2018 - 3:11 PM

Xian Gaza claims he was arrested by the NBI and the Interpol upon arrival at the NAIA Terminal 2

'MY WAY.' After news broke that warrants against him are out, the viral 'business man' makes several posts on Facebook about it. Screenshot from Xian Gaza's Instagram account

Duterte to allow anti-corruption body to look into his bank records

Mar 07, 2018 - 1:47 PM

President Rodrigo Duterte says the Presidential Anti-Corruption Commission is free to check his bank accounts but he won't give the same access to his political opponents

President Rodrigo Roa Duterte discusses matters with Presidential Anti-Corruption Commission (PACC) Chairman Dante Jimenez and other PACC officials prior to their oath-taking ceremony at the Malacañan Palace on March 6, 2018. ROBINSON NIÑAL JR./PRESIDENTIAL PHOTO

De Lima seeks inquiry into anti-money laundering law compliance

Mar 03, 2018 - 1:42 PM

'Duterte should never be exempted from investigation and accountability,' says Senator Leila de Lima

NO REGRETS. Senator Leila de Lima is seen in this photo walking past her former bodyguard and boyfriend Ronnie Dayan (lower right) at a Senate hearing. File photo

Ombudsman on AMLC, Alvarez on Go, Bello on Kuwait | Midday wRap

Feb 16, 2018 - 1:30 PM

Watch the midday newscast with Marguerite de Leon

Trillanes pushes Senate probe into AMLC's refusal to cooperate with Ombudsman

Feb 16, 2018 - 10:02 AM

Senator Antonio Trillanes IV says the probe will 'question the legality' of the Anti-Money Laundering Council's refusal to give the Ombudsman 'vital' data on President Rodrigo Duterte's bank accounts

SENATE PROBE. Senator Antonio Trillanes IV wants the Senate to investigate the refusal of the Anti-Money Laundering Council to provide data needed by the Office of the Ombudsman in its investigation of President Rodrigo Duterte's alleged secret bank accounts. File photo by Cesar Tomambo/Senate PRIB

Duterte probe terminated because AMLC refused to cooperate – Ombudsman

Feb 15, 2018 - 4:50 PM

This development raises more questions: where did the bank records come from, and why did a different deputy ombudsman terminate the investigation?

President Rodrigo Roa Duterte lauds the men and women of the 1002nd Infantry Brigade for their service to the country in his speech during his visit to their headquarters in Malungon, Sarangani Province on July 5, 2017. Malacañan Photo

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

Trillanes eyes charges vs AMLC chief for 'cover up' of Duterte bank documents

Feb 01, 2018 - 11:31 AM

Senator Antonio Trillanes IV also slams President Rodrigo Duterte for ordering the suspension of Overall Deputy Ombudsman Arthur Carandang

TRILLANES VS AMLC. Senator Antonio Trillanes IV says he is eyeing charges against AMLC chief Mel Georgie Racela for his alleged cover-up of President Rodrigo Duterte's flagged bank transaction. Photo from the Embassy of the People's Republic of Bangladesh in Manila

Malacañang suspends Deputy Ombudsman Carandang

Jan 29, 2018 - 12:50 PM

(UPDATED) The Office of the Executive Secretary files an administrative case against Overall Deputy Ombudsman Arthur Carandang for supposed premature disclosure of documents about President Rodrigo Duterte's bank accounts

Duterte to probe mining, banana firms: Paying NPA taxes is money laundering

Jan 27, 2018 - 10:11 AM

President Rodrigo Duterte threatens to close down companies that have continued paying revolutionary taxes to communist guerillas even after his warning

PEACE? Banana exports have previously asked the government to continue peace negotiations with the communists to protect businesses from extortionist activities. File photo of a plantation in Tagum, Davao del Norte, by Romeo Gacad/AFP

Senate panel issues subpoena for ex-Comelec chief Bautista

Jan 23, 2018 - 11:15 AM

Former Commission on Elections chairman Andres Bautista is ordered to attend a February 12 hearing on his alleged wealth, after he skipped the Senate inquiry thrice

SUBPOENA. The Senate committee on banks and financial institutions summons former Comelec chairman Andres Bautista after repeatedly skipping hearings. File photo

Stricter AMLA reporting guidelines set to take effect

Jan 03, 2018 - 8:30 PM

This is part of the Philippine government's campaign against money laundering and terrorism financing

STRICTER GUIDELINES. CASINOS COVERED. A dealer plays card with visitors during a two-day exhibit on the gaming industry in Manila, 22 March 2007. Photo by Romeo Gacad/Agence France-Presse

Singapore hands life ban to banker in 1MDB-linked cases

Dec 19, 2017 - 2:49 PM

Singapore bans a jailed banker from working in its financial services industry for life over his links to the international money-laundering scandal involving neighboring Malaysia's state fund 1MDB

The logo of the Monetary Authority of Singapore is seen on its main building in Singapore on May 24, 2016. Roslan Rahman/AFP

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