HALISTER1: Philippines Files Laundering Complaint Vs Rizal Bank Manager

Philippines Files Laundering Complaint Vs Rizal Bank Manager

(Bloomberg) -- Anti-Money Laundering Council filed complaint against Rizal Bank Jupiter branch manager Maia Santos Deguito, 4 others, before Philippine justice dept, according to copy of complaint dated March 11.
  • Deguito’s lawyer Ferdinand Topacio wasn’t replying to calls or text messages seeking comment; in an interview with DZMM radio on March 11, Deguito denied any wrongdoing
  • NOTE: Senate probe on how funds stolen from Bangladesh central bank entered Philippine financial system scheduled at 1:30pm
  • Deguito approved $80.9m of withdrawals by 4 John Does at Rizal Bank Jupiter branch in Makati City on Feb. 5 and 9 despite stop payment and freeze requests from Bangladesh Bank: complaint
  • Branch manager knew funds had been stolen from Bangladesh central bank: complaint
  • Only $68,305 remained when accounts were put on hold: complaint
  • NOTE: Rizal Bank Says It’s Probing $81 Million Deposit, Transactions Link
  • NOTE: Philippines’ SEC Chairman Expects Recovery in Some Stolen Funds Link
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Source: BFW (Bloomberg First Word)

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