Ina Reformina, ABS-CBN News

<figure class="op-social"><iframe allowfullscreen="" frameBorder="0" height="383" src="https://www.youtube.com/embed/Xy-w09sZTx4" width="510"></iframe></figure>MANILA (UPDATE) - The Anti-Money Laundering Council (AMLC) today filed a second complaint with the Department of Justice (DOJ) over the reported $80.88-million laundered money from the accounts of the Bangladesh central bank which slipped through the Philippine financial system through the Rizal Commercial Banking Corporation (RCBC).In a 9-page complaint, the AMLC, through its Deputy Director Vencent Salido, and investigators Rafael Echaluse, Monico Villar, Jr., Alvin Bermido, Jerome Golpo, and Ma. Ivy Lanuevo of the AMLC Compliance and Investigation Group, charged businessman Kam Sin Wong, also known as Kim Wong, and Chinese national Weikang Xu for violation of Section 4 (a) and (b) of Republic Act (RA) No. 9160, otherwise known as the the Anti-Money Laundering Act of 2001.<div><a href="http://news.abs-cbn.com/focus/03/17/16/who-is-kim-wong" target="_blank">READ: Who is Kim Wong?</a></div>Section 4 (a) holds accountable for money laundering any person who transacts or attempts to transact a monetary instrument or property which represents, involves, or relates to, the proceeds of any unlawful activity; while section 4 (b) covers any person who performs or fails to perform any act despite knowledge that any monetary instruments or property involves the proceeds of any unlawful activity and, therefore, facilitates the offense of money laundering. Wong was charged by virtue of RCBC Jupiter Branch manager Maia Santos-Deguito&#x27;s testimony before the Senate Blue Ribbon Committee investigation into the money laundering activity that he made the referral for the opening of the accounts with RCBC Jupiter Branch of &quot;Michael Francisco Cruz,&quot; &quot;Jessie Christopher M. Lagrosas,&quot; Alfred Santos Vergara,&quot; and &quot;Enrico Teodoro Vasquez,&quot; all said to be fictitious accounts, for the transfer of the stolen funds. <div><a href="http://www.abs-cbnnews.com/business/v1/03/18/16/deguito-tags-kim-wong-rcbc-officials-in-money-laundering-scam" target="_blank">READ: Deguito tags Kim Wong, RCBC officials in money laundering scam</a></div>These accounts were all opened on May 15, 2015. AMLC also said that on February 10 and 11, PhilRem transferred a total of P1-billion of the laundered Bangladesh bank funds to Eastern Hawaii Leisure Company Limited&#x27;s Philippine National Bank account number. Wong is the president and general manager of Eastern Hawaii Leisure Company Limited. Wong was found to made three transactions over the subject funds.&quot;Wong knew or should have known that the funds that were remitted/transferred... were part of the stolen funds from Bangladesh Bank, and are therefore proceeds of an unlawful activity,&quot; the complaint read.On the charge against Xu, the AMLC complaint states that remittance company PhilRem Service Corporation&#x27;s Salud Bautista testified before the Senate probe that &quot;upon instruction of Maia Santos Deguito, PhilRem personally delivered a total of USD 18,000,000.00 and Php600,000,000.00 to respondent Xu. The delivery was spread over several days from 5 to 13 February 2016.&quot; <div><a href="http://news.abs-cbn.com/business/03/15/16/casino-junket-operator-got-30-m-in-cash/" target="_blank">READ: Casino junket operator got $30-M in cash</a></div>AMLC further said that from February 5-11, 2016, PhilRem transferred P1.37-billion in favor of Bloomberry Resorts and Hotel Inc. (Solaire). On March 15, Solaire, through its corporate secretary Atty. Silverio Tan, testified before the Senate inquiry hearing that the amount transferred by PhilRem was for the account of Xu, a registered casino junket operator. The AMLC complaint states that the funds transferred to Solaire were converted into non-negotiable chips which were then issued to regular casino players. These are enough evidence, the AMLC said, to charge the two for money laundering.A separate <a href="http://news.abs-cbn.com/business/03/14/16/rcbc-branch-manager-sued-for-money-laundering" target="_blank">similar complaint</a> has already been filed by AMLC against Deguito, &quot;Michael Francisco Cruz,&quot; &quot;Jessie Christopher M. Lagrosas,&quot; Alfred Santos Vergara,&quot; and &quot;Enrico Teodoro Vasquez.&quot;<div><a href="http://news.abs-cbn.com/focus/v2/03/19/16/81m-heist-the-money-trail" target="_blank">INFOGRAPHIC: $81M heist: The money trail</a></div><div>WONG READY &#x27;TO TELL ALL&#x27;</div>Meanwhile, Wong&#x27;s lawyer, Atty. Victor Fernandez, said his client is back in the country and is ready to tell all before the Senate Blue Ribbon Committee on March 29.Fernandez, who said his client <a href="http://news.abs-cbn.com/business/03/14/16/key-figure-in-money-laundering-case-cant-attend-senate-probe" target="_blank">returned to the Philippines from Singapore</a> on Sunday, questioned the timing of the filing of the money laundering complaint against his client.&quot;The timing of the case filing is suspicious. It is our impression that some very powerful people are afraid of what our client will disclose, that&#x27;s why a premature case was filed against him by AMLC. They probably think that filing the case will deter our client from coming home and testifying before the Senate. They are wrong,&quot; he said.Fernandez added he was surprised that a criminal complaint was filed against Wong based solely on the statement of Dequito.&quot;The investigation is still ongoing yet the AMLC used the transcript of stenographic notes as their only basis for the complaint. Why is the AMLC in such a hurry?&quot; he asked.The next Senate hearing is scheduled on March 29. -- With a report from Henry Omaga-Diaz, ABS-CBN News

MANILA (UPDATE) - The Anti-Money Laundering Council (AMLC) today filed a second complaint with the Department of Justice (DOJ) over the reported $80.88-million laundered money from the accounts of the Bangladesh central bank which slipped through the Philippine financial system through the Rizal Commercial Banking Corporation (RCBC).

Kim Wong, junket operator sued for money laundering

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Kim Wong, junket operator sued for money laundering

Ina Reformina,

ABS-CBN News

Published Mar 22, 2016 04:42 PM PHT

|

Updated Mar 22, 2016 08:01 PM PHT

Read More:

Kim Wong

Weikang Xu

money laundering

AMLC

laundering

RCBC

RCBC jupiter

cybercrime

justice

heist

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