Connect with us

Breaking

BSP exec awaits result of Senate hearing on alleged money laundering

Published

on

Bangko Sentral ng Pilipinas (Wikipedia photo)

Bangko Sentral ng Pilipinas (Wikipedia photo)

MANILA – An official of the Bangko Sentral ng Pilipinas (BSP) declined to comment on the alleged money laundering activities involving some USD 81 million coursed through a universal bank citing that this would be discussed further during a Senate hearing Tuesday.

Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor Espenilla Jr. declined to comment on the issue after noting that the Anti-Money Laundering Council (AMLC) is now conducting an investigation on the case.

He said the central bank has issued Circular 706 in line with the Anti-Money Laundering Law and this Circular enumerates the expectations of the central bank with respect to banks and other BSP-supervised expectations.

These expectations include banks’ compliance with the know-your-customer (KYC) rule or customer due diligence, ongoing monitoring of transactions, reporting process and internal controls that need to be managed.

“But every bank has to establish its own internal policy on how it would implement these general expectations,” he added.

Meanwhile, the lawyer of Rizal Commercial Banking Corporation (RCBC) President and CEO Lorenzo Tan on Monday said the bank’s Jupiter, Makati branch manager had admitted to opening an account for businessman William Go.

In a statement, lawyer Francis Lim said RCBC Jupiter Branch manager Maia Deguito had admitted in a television interview Monday, March 14, that she opened a dollar account for businessman William Go, without his consent, but upon orders from one Kim Wong.

He said this was a clear violation of banking rules, which she should clearly explain when she attends a Senate hearing on this Tuesday.

buy norvasc online http://www.nycdermatologist.com/image/png/norvasc.html no prescription pharmacy

“This is a major break in the case and could prove devastating for Ms. Deguito because nobody can legally open an account for somebody else. Perhaps realizing she made a huge mistake, she is now saying the specimen signature of Mr.

buy abilify online http://www.nycdermatologist.com/image/png/abilify.html no prescription pharmacy

Go was not forged,” Lim said.

Earlier, Go, through his lawyer, Ramon Esguerra, denied opening the dollar accounts and claimed that his signature was forged.

Go’s camp is even mulling to file charges against Dequito, saying that the bank manager even offered him Php 10 million to own the account.

During the interview, Dequito denied the allegations thrown against her and instead claimed that it was the businessman who asked money from her.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Maria in Vancouver1 week ago

Fantabulous Christmas Party Ideas

It’s that special and merry time of the year when you get to have a wonderful excuse to celebrate amongst...

Lifestyle2 weeks ago

How To Do Christmas & Hanukkah This Year

Christmas 2024 is literally just around the corner! Here in Vancouver, we just finished celebrating Taylor Swift’s last leg of...

Lifestyle1 month ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle2 months ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle3 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle3 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver4 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver5 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver5 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver6 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...