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Philippines Money Laundering Body Charges Bankers For Ignoring Cyber Heist

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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Commuters pass by the front of the Bangladesh central bank building in DhakaAn anti-money laundering body in the Philippines has filed charges against five officials of RCBC bank and a former treasurer who "wilfully ignored" suspicious activity that led to tens of millions of dollars vanishing after a heist on Bangladesh's central bank. Unknown cyber criminals tried to steal nearly $1 billion from the Bangladesh Bank in February in what was one of the biggest bank heists ever. In a 97-page complaint to the justice ministry, the Anti-Money Laundering Council (AMLC) said former RCBC treasurer Raul Tan, three retail banking officials, and two workers at the branch where cash was withdrawn were guilty of money laundering because they should have noticed something was wrong and intervened immediately.




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