Tag: Cash

President Duterte orders probe into allegations of money laundering vs some Chinese nationals

(Eagle News)–President Rodrigo Duterte has ordered a probe into what Senator Richard Gordon said were huge amounts of cash being brought in by Chinese nationals. Presidential Spokesperson Salvador Panelo said the probe, which takes place amid speculations the money was under an money laundering scheme , would likely be headed by the Department of Finance. Panelo also made the announcement as he revealed Bangko Sentral ng Pilipinas Governor and Anti-Money Laundering Council chair Benjamin Diokno […]

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BDO says it received reports of “potentially compromised” ATMs

Urges clients to report “unauthorized transactions” in their accounts (Eagle News) — Banco de Oro on Friday said it had received reports of “potentially compromised” automated teller machines, urging its clients to contact their branches if they discovered unauthorized transactions in their accounts. “Customers with unauthorized transactions may reach out to the bank via formal channels so that their cases may be properly investigated and, where confirmed as impacted, may be reimbursed,” BDO said. The statement, however, […]

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‘Crazy’ ex-minister’s bags of cash scandalize Argentina

by Paula Bustamante BUENOS AIRES, Argentina (AFP) — It’s been a heck of a week for Jose Lopez, an Argentine ex-cabinet minister who was arrested trying to hide bags stuffed with cash and jewels at a monastery. On Monday, Lopez, 55, seemed like any ordinary politician, with a slight paunch, graying hair and a fairly anodyne job as a member of the South American regional parliament. On Tuesday, he was caught red-handed tossing 160 suitcases […]

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Argentina ex-minister caught hiding cash in monastery

BUENOS AIRES, Argentina (AFP) — Argentine police arrested a former government minister when they caught him trying to hide millions of dollars in cash and jewels at a monastery, officials said. Jose Lopez, 55, served as deputy minister for public works for 12 years under the country’s two last presidents. He was already facing corruption charges in the courts. He was caught throwing suitcases over a wall into the garden of an old monastery now […]

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