This is the current issue in the Philippines now and today is the second hearing in the Philippine senate regarding that matter. Hackers have stolen $81 million from the account of Bangladesh Central Bank in a New York bank. The money was deposited in a Philippine bank and later on withdrawn after converting into pesos. Clearly it was money laundering but it seems that the authorities couldn't pinpoint the syndicate. Now the only suspect is the branch manager where the money was deposited and withdrawn. I think this scandal will reflect on the Philippine banks in the international market. That the Phlippine banks are being used to launder dirty money.
See the previously opened thread: http://www.bullmarketboard.com/threads/6935-Money-Laundering-Case-on-Philippine-Bank
