Ex-RCBC manager guilty of laundering

782

The former Rizal Commercial Banking Corp. (RCBC) manager suspected of involvement in the cyber theft of $81 million from Bangladesh Bank in 2016 was found guilty of money laundering.

The Makati Regional Trial Court Branch 149 on Thursday convicted Maia Deguito of eight counts of violation of the Anti-Money Laundering Act and sentenced her to four to seven years imprisonment for each count.

The court also fined Deguito $109 million.

In 2017, charges were filed against Deguito after unknown hackers withdrew close to $1 billion from the account of Bangladesh central bank held at the Federal Reserve Bank of New York and deposited a portion or $81 million under fictitious names in the RCBC branch in Makati that Deguito manages.

Biggest Bank heist of the history. Right here @ Bangladesh.

Biggest Bank heist of the history. Right here @ Bangladesh.

Posted by BISCM-Bangaldesh Institute of Supply Chain Management on Wednesday, 29 August 2018

What are your thoughts?

Please enter your comment!
Please enter your name here