Cybersecurity
Cleaning Up After Cyber Heist a Test for Next Philippine Leader
- Some officials call for broadening of dirty money law
- Such laws currently don't extend to Philippine casino sector
This article is for subscribers only.
Whoever succeeds Benigno Aquino as Philippine president will get the job of mopping up after a multi million dollar cyber heist that put the country’s safeguards against money laundering under global scrutiny.
Shaken by the hacking theft in February of $81 million from the Bangladesh central bank, lawmakers have launched an investigation into how the Bangladesh funds were routed from the U.S. Federal Reserve to Philippine bank accounts and then through local casinos.