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Philippines prepares charges in alleged hacking of BB

The Philippines’ Anti-Money Laundering Council is preparing charges against a number of people allegedly involved in the illegal transfer of more than $80 million from a Bangladesh Bank account at the Federal Reserve Bank of New York to a number of Philippine accounts. “There is a clear violation of our anti-money-laundering law,” council chairman Amando Tetangco, who is also the governor of the Philippines’ central bank, told The Wall Street Journal in a brief interview late Saturday. He refused to identify those who may be charged but said more details would be revealed during Senate hearings on March 15. “Just wait for the hearings on Tuesday,” said Mr. Tetangco, referring to his scheduled