$81M Hacking of Bangladesh Bank, US Federal Reserve in New York to RCBC bank in PH and Sri Lanka bank to Solaire Casino.

[chua_riwap]

Sen Pimentel on radio this morning.

From yesterday's hearing....
He said, Since RCBC declared Go's acct is fake, & Go himself issued a waiver, yun daw RCBC atty, refused to have the acct scrutinized by the senate's BRC. She's still implying the Bank Secrecy Law.

Natatawa si pimentel, dahil inamin nilang fake, & Go issued a waiver, tapos inia-apply pa rin nung atty yung BSL.

[Altis6453]

^ Then RCBC impliedly admits that the account is genuine...only belonging to a different person named William Go. Brilliant bordering on stupid by RCBC.

[Monseratto]

Heard over the radio that William Go is into post dated discount checking. And Deguito used the "fake account" to park the funds when the checks are for deposit.

[111prez]

Kailan kaya ang pelikula tungkol dito?

[dreamur]

RCBC is trying to cover their tracks. The CSRO guy nervously answered the questions even admitting that he did not inform his direct superior when he received the stop payment order for fear that Deguito would do him harm. Nag comment daw si BM na hindi na raw darating ang audit team kasi pina-ambushed na daw.

On top of that, the East West banker admitted that he accommodated Go's check and have it discounted through RCBC which entirely boggles me. This guy will lose his job soon.

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[Monseratto]

Anyone notice the peso gained and the PSE stock in a bull run... I wonder if this is because of the $$$ laundered money...

[Mentis]

Anyone notice the peso gained and the PSE stock in a bull run... I wonder if this is because of the $$$ laundered money...

I guess it's because of now controlled KSA oil output, causing the $ to stabilize and oil/barrel shooting up.

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[Mentis]

So, everyone now knows which bank and transmittal company to deal with if you want your stash safely transferred to your caymans account 😉 just like they did with the 2 billion peso 1 day withdrawal of binay's account 😄

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[Walter]

Unlikely, banks usually have someone inside casinos to pinpoint the high stakes gamblers.

[Monseratto]

I remember Deguito was promising to tell all when she was interviewed by the media. It turns out to be a dud even after she was allowed to speak at an executive session, wala naman pinasabog. I guess same can be said with Torres. At least she won't be able to claim silence since Torres has no pending case unlike Deguito. Funny how many in social media are turning this to a David vs Goliath.

Ex-assistant manager clears Deguito, cries harassment from RCBC execs
By: Yuji Vincent Gonzales
*YGonzalesINQ
INQUIRER.net
06:31 PM March 18th, 2016

The resigned assistant manager of the Rizal Commercial Banking Corp. (RCBC) branch at the center of the $81-million money laundering scheme on Friday came to the defense of manager Maia Santos-Deguito and cried harassment from RCBC executives.

In an interview over radio dzBB, Angela Torres of the RCBC branch on Jupiter Street in Makati City belied the claims of former customer service head Romualdo Agarrado who testified in the Senate blue ribbon committee probe on the alleged money laundering scheme on Thursday.

Agarrado said during the hearing that he personally saw the P20-million cash, believed to be part of the $81 million stolen funds from the Bank of Bangladesh, placed in a paper bag and being loaded to Deguito’s car last Feb. 5 when the inward remittance in the name of businessman William Go, one of the businessmen linked in the laundering, came in.

Torres said it was not true that the P20-million cash was loaded to Deguito’s vehicle, adding that it was not contained in a paper bag but in a box smaller than a “balikbayan” box.

“Halos lahat ng inihayag ni Mr. Agarrado sa Senate hearing kahapon ay pawang mga kasinungalingan… Hindi naka-paper bag ang pera, naka-box at isinakay sa kotseng Lexus ni William Go. Hindi totoo ang sinasabi ni Mr. Agarrado na isinakay ang pera sa sasakyan ni Ms. Maia,” Torres said.

(Almost all of Mr. Agarrado’s statements in the Senate hearing yesterday were lies. The cash was not put in a paper bag, instead it was placed in a box and was loaded to William Go’s Lexus. Agarrado was not telling the truth when he said that the money was loaded to Ms. Maia’s car.)

“Hindi rin po totoo na nagla-log ang guard namin ng mga dumadating na kliyente kaya nagulat din po ako sa binanggit ni Mr. Agarrado… Napakadami niya pong dinamay na tao na dapat wala sa storya hindi rin po namin naiintindihan,” she said.

(It is also not true that our guard was logging the names of the clients who enter [our branch] that’s why I was suprised by what he said. He has involved many people who are not supposed to be in the story, that’s why we don’t understand it.)

Agarrado said he saw Jovy Morales, the bank’s messenger, load the money to Deguito’s vehicle with the help of Torres.

Asked about Go’s dollar account, Torres said it was her who called the businessman and confirmed that he would be opening a dollar account, adding that the client personally signed the withdrawal slip of P20 million before her.

Go’s camp earlier claimed that his signature was forged by Deguito and that the latter admitted that she opened an unathorized account under the businessman’s name in a meeting last Feb. 23 in a Taguig restaurant.

“Sa harap ko pinirmahan ni William Go ang withdrawal slip ng 20 million. Ako ang tumawag at nag confirm kay William Go na magbubukas siya ng dollar account,” Torres said. “Hindi po si Ms. Maia ang nag-maniobra. Inopen lang po namin ‘yung dollar account ni William Go at ginawa ‘yung ini-instruct n’ya.”

(William Go signed the withdrawal slip of P20 million before me. I was the one who called him and confirmed to him that he would open a dollar account. Ms. Maia did not fabricate it. We just opened William Go’s dollar account as he instructed.)

Torres added that the RCBC head office confirmed that the remittance that came in was supposedly valid. “Kampante kami na okay ‘tong remittance na ‘to,” she recalled.

(We were confident that this remittance was valid.)

Torres said she does not understand why the RCBC management was pinning them down, adding that she has been receiving threats from the bank’s executives.

“Alam ko po ‘yung transaction kasi sa branch po nangyari lahat. Yung sinasabi ni Mr. Agarrado na nilagay sa kotse… masyado na pong OA [over-acting] si RCBC para gawin sa amin ‘to. Hindi ko po alam kung bakit kailangang gawin ni RCBC ‘to sa amin,” she said.

(I know the transaction because it transpired in our branch. What Mr. Agarrado said that the cash was loaded to Deguito’s car [was not true]… The RCBC was over-acting to do this to us. I don’t know why RCBC is doing this to us.)

Torres also aired a message to Macel Fernandez, the lawyer conducting an investigation on behalf of RCBC: “’Di ko po alam kung bakit galit na galit siya sakin dahil tinatakot n’ya po ako na ‘baka makulong ka.’ May nakukulong po ba sa pagsasabi ng totoo? Pati mga head ng RCBC tinatakot po ako.”

(I don’t know why she is very angry at me, she is threatening me that I might be sent to jail. Has anyone been jailed because of telling the truth? The RCBC heads are threatening me as well.)

Denying that she had personal gains in the transactions, Torres said she was willing to testify before the Senate to speak of nothing but the truth.

“Basta ako kung ipatawag po ako ng Senado sasabihin ko lang po kung ano po ‘yung totoo, ‘yung nalalaman ko,” she said. “Ginawa lang po namin kung ano ang trabaho ng branch. Sana po malaman yun ng sambayanang Pilipino.”

(If the Senate will summon me, I will only tell the truth and what I know. We are only performing the work of the branch. I hope our entire countrymen will know that.)

The Senate will resume its probe on March 29. RAM

[Monseratto]

Biz Buzz: Oh, brother! | Inquirer Business

Biz Buzz: Oh, brother!
By: the staff
*inquirerdotnet
Philippine Daily Inquirer
03:30 AM March 21st, 2016

THE FALLOUT from the $81-million money laundering scandal has reached the realm of journalists.

Now, it’s no longer just Rizal Commercial Banking Corp. branch manager Maia Santos-Deguito who has been suspended. The career of another veteran television-radio personality has been put on ice as well.

Biz Buzz learned that this TV-radio guy—known for his hard-hitting on-air commentaries—was slapped a 30-day suspension by the broadcast network he works for last week in relation to his program where he tackled the issue of RCBC’s involvement in the biggest money laundering scandal ever to hit Philippine shores.

Now, to be fair, this journalist has made a name for himself defending the downtrodden and taking up the cudgels on behalf of “the little people” going up against big-name politicians, businessmen and the like.

And so it was when TV-radio guy forcefully took the side of Maia Santos-Deguito in his program last week, spewing mouthful after mouthful of impossible-to-print words against RCBC and its president and CEO Lorenzo Tan.

TV-radio guy may have been just a little too passionate in defending the seemingly oppressed Deguito as he went on to call Tan some impossible-to-print names again, and even at one point, urging RCBC’s clients to take their money elsewhere.

Well, TV-radio guy has been known to go overboard at times—just like his equally hard-hitting brothers who are also journalists—but, in the heat of the moment, he probably forgot that there are the usual “ties that bind” that link the broadcast network he works for with RCBC.

You see, RCBC chair Helen Yuchengco-Dee also sits in the board of a big company that owns and controls the broadcast network that employs TV-radio guy. Whoops.

And so, after a flurry of phone calls among the broadcast network’s top management, TV-radio guy was suspended for a month. It’s a shame because, we understand, he was supposed to serve as one of the panelists for yesterday’s Comelec debate on the presidential candidates.

The more worrying thing for TV-radio guy (and his fans among the viewing and listening public, we suppose) is that his contract with the network is nearing its conclusion and will be up for renewal soon. Uh-oh. Daxim L. Lucas

[dr. d]

i still find it confusing... it's as if someones is/are giving out only limited information...

[Ry_Tower]

i still find it confusing... it's as if someones is/are giving out only limited information...

RCBC HQ is covering its track. They don't want investors and clients to think na mahina ang financial security nila.

[JJ All Day]

RCBC HQ is covering its track. They don't want investors and clients to think na mahina ang financial security nila.

I am not for RCBC. But can we identify in details kung bakit 'mahina and financial security nila'? Easy to say (apparently ganon) pero ang nangyari sa RCBC, pwede din kaya lumusot sa ibang banks?

Recipient lang tayo dito ng funds. We cannot prevent the funds from entering our financial system, sabi nga straight through process ang SWIFT. Meaning, there is presumption of regularity ng pumasok na ito sa atin dahil nga dumaan na sya dapat sa scrutiny ng sending and correspondent banks.

[JJ All Day]

What specific provisions in the Philippines' Anti-Money Laundering Acts (AMLA), as amended, and its Implementing Rules and Regulations (IRR), the BSP's Circular no. 706 on Money Laundering Rules and Regularions and the RCBC's Money Laundering and Terrorist Financing Prevention (MLPP) were violated?

[Ry_Tower]

I am not for RCBC. But can we identify in details kung bakit 'mahina and financial security nila'? Easy to say (apparently ganon) pero ang nangyari sa RCBC, pwede din kaya lumusot sa ibang banks?

Recipient lang tayo dito ng funds. We cannot prevent the funds from entering our financial system, sabi nga straight through process ang SWIFT. Meaning, there is presumption of regularity ng pumasok na ito sa atin dahil nga dumaan na sya dapat sa scrutiny ng sending and correspondent banks.

As vinj pointed out before, may BSP rulings and AMLC process in place para ma-flag down high value transactions. Sa laki nang amount niyan sigurado red flag yan up to top Mngt level nang RCBC. Pero naging leninet sila na magawa ni BM Dequito yung mga transactions na ito without top mngt being able to stop her. Obvious na may basbas nang top mngt yan. I've talked to 2 BM (RCBC pa at former Chinabank na ngayon nasa Rob bank na) pareho sinasabi nila na hindi magagwa ni BM Dequito yan unless nga pinabayaan coming from HQ. So parang nagbulagbulagan lang top mngt pala. Highly unlikely is SOP is being followed religiously.

[Mask Rider Blac]

Itago na lang natin sa pangalang Erwin Tulfo 😂

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[rambo149]

LIVE: Senate hearing on $81-M Bangladesh bank heist, Day 3

live streaming ^____^

[dreamur]

Headlines | Philstar Mobile


MANILA, Philippines – Initially tagged as a principal player in the laundering of $81 million stolen from Bangladesh, Chinese-Filipino casino junket operator Kim Wong yesterday named instead two Chinese nationals who brought the money to the Philippines and had it deposited in the Rizal Commercial Banking Corp. (RCBC).

Appearing for the first time in the hearings of the Senate Blue Ribbon committee on the $81-million money laundering case, Wong, whose real name is Kam Sin Wong, identified the two individuals as Sua Ha Gao or Gao Shuhua and Ding Zhize or Kam Xin Shi, both Chinese nationals.

Wong denied having anything to do with the transfer of the $81 million to the RCBC branch on Jupiter Street in Makati City.

“There are many allegations against me. In this business of ours in casinos we have rules. We need to tell the truth no matter what happens. I have nothing to do with the fake bank documents used to bring the money into the country. I don’t know the origin of the $81 million,” Wong said in Filipino.

“Two foreigners brought in the $81 million. One of them has been going in and out of the country for a long time already and is known as a junket agent and a high roller,” he added.

Wong said that Gao was from Beijing and was his junket agent for almost eight years.

He said Gao gambled a lot and even lost P450 million in Solaire at one time.

In his testimony, Wong said he introduced RCBC Jupiter branch manager Maia Santos-Deguito to Gao sometime in 2015 so the latter could open an account at her branch.

Gao wanted to open a corporate dollar account but was told five individuals were needed to open a corporate account, Wong said.

Gao, Wong said, found the process very tedious and just asked Deguito to take care of everything.

Wong denied Deguito’s claim that he introduced the five individuals who opened dollar accounts at her branch. The five turned out to be non-existent.

The five accounts under the names of Michael Cruz, Jessie Lagrosas, Alfred Vergara, Enrico Vazquez and Ralph Picache were created to take in the $81 million. Of the five accounts, only Picache’s did not receive any money.

Last Feb. 4, Wong said he was told by Gao that Ding was bringing in a big investment, the exact amount of which was not known.

The next day, Wong said he called up Deguito to check if funds had been transferred to the accounts linked to Gao and was informed that several transfers had been made, totaling $81 million.

According to Wong, he instructed Deguito to transfer all the funds to the casinos.

He said it was Deguito and Philippine Remittance Service Group (Philrem) which facilitated the release of the money from RCBC.

Of the $81 million withdrawn from RCBC, some $60 million went to Solaire and Midas casinos, and around $17 million to Philrem, he added.

Wong said that when the freeze orders sought by the Anti-Money Laundering Council came out, only P40 million was left with Midas and P100 million with Solaire.

On the evening of Feb. 5, Wong said Michael Bautista of Philrem brought P80 million in cash to Solaire. A few minutes later, Deguito brought another P20 million.

Wong said that he personally met with Deguito to receive the money and even presented a screen capture from the CCTV footage of Solaire showing her vehicle on the day in question.

He said he went to the house of Bautista on Feb. 9 to collect P100 million and $3 million in cash.

The next day, he returned to Bautista’s house to get another P100 million and $2 million in cash. A third visit was made on Feb. 14 to get another P100 million.

All in all, Wong said P400 million and $5 million had been deposited in the junket.

Of the $5 million, Wong said only P4.63 million was left and that he is willing to turn the amount over to the government.

Lawyer Silverio Benny Tan of Solaire said that there is a balance of P107.35 million in chips from the group of Ding. He said another P1.347 million had been confiscated from the rooms of the junket players.

Based on documents submitted by the embassy of Bangladesh to the Senate, 30 payment instructions made last Feb. 5 were stopped by the Federal Reserve Bank of New York “due to consideration of suspicious transaction.”

Committee chairman Sen. Teofisto Guingona III noted that the payment instructions – covering $850 million – were made in just two seconds.

Only five payment instructions went through in the amount of $81 million.

Wong also complained of being harassed by men claiming to be National Bureau of Investigation agents since his name was mentioned in the money laundering case. He claimed he had been served a search warrant addressed to a different person. His lawyer Inocencio Ferrer Jr. said a sealed box allegedly from RCBC was delivered to the house of Wong. The messenger was allegedly from LBC but was not in uniform so they refused to receive the box.

Also at the hearing, Senate President Pro-Tempore Ralph Recto, Sens. Vicente Sotto III, Aquilino Pimentel III and Juan Edgardo Angara took turns grilling Philrem’s Bautista and his wife, Salud.

“It occurs to me that you are protecting Mr. Kim Wong,” Recto told Salud, noting that she never mentioned Wong’s name in previous hearings.

He cited Salud’s admission in the first hearing that she delivered P600 million to Weikang Xu. It was only in the second hearing, Recto noted, when Salud mentioned the additional P80 million.

“It seems Philrem has a starring role in the controversy,” Sotto said.

RCBC president on leave Lorenzo Tan said he was informed about the stolen fund only when it had already left the bank.

“Our threshold for reporting remittances to higher management is P1 billion. Only transactions that are beyond reason, beyond ordinary course of business reach me,” he said.

AMLC executive director Julia Bacay-Abad said they are still gathering more evidence against those linked to the scandal.

The Department of Justice, meanwhile, said it is set to summon Wong and Weikang Xu to answer criminal charges stemming from the $81-million heist. -*With Lawrence Agcaoili, Edu Punay, Paolo Romero, Helen Flores, Eva Visperas



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[br733]

another interesting read:

RCBC money-laundering scam mirrors sins of the past