Crime, Manila, News

Bangko Sentral scraps permits of Philrem, 2 others

2 Jun , 2016  

Manila — The policy-making Monetary Board of the Bangko Sentral ng Pilipinas has cancelled the Certificate of Registration of Philrem Services Corp., the remittance service provider facing lawsuits for alleged involvement in the laundering of about US $81 million stolen from Bangladesh Bank in February 2016. The board also cancelled the certificate of registration as […]

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Crime, Manila, News

Philrem Service Corp faces sanctions for violation of third party reliance rule of Bangko Sentral

18 Mar , 2016  

The Philrem Service Corpoation, which is being involved in the alleged money laundering of about US $81 million stolen from Bangladesh Bank (BB), faces possible charges for violation of Bangko Sentral ng Pilipinas rule on third party reliance. During the Senate hearing on Thursday, Philrem owner Salud Bautista was asked by Senators if her company […]

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