PH money remitters flagged in millions of dollars in ‘suspicious’ transactions
Filipino remittance firms were investigated in the aftermath of the 2016 cyber-heist that siphoned
off $81 million from the central bank of Bangladesh. Documents now show that a few years
before the daring theft, these remittance firms had moved millions of U.S. dollars in “suspicious”
transactions, raising the question as to why they were not stopped in their tracks much earlier.