Thursday, March 17, 2016

BSP: Philrem may be held liable for not knowing owner of illicit funds  

Money remittance agent Philrem Service Corp. may be held liable for its failure to scrutinize the source of the funds believed to be part of the $81 million stolen by hackers from Bangladesh Bank's account in the Federal Reserve Bank in New York and diverted to casinos in the Philippines, a Philippine central bank official said in Thursday's Senate inquiry into the money laundering case.  
Read the rest of the news GMA News Online / News / Nation

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