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Philippines remittance firm denies money laundering charges connected to Bangladesh bank heist

( July 7, 2016, 07:43 GMT | Insight) -- Philrem Service Corp. owners Salud and Michael Bautista are disputing money laundering charges filed against them relating to the $81 million stolen by hackers in Bangladesh and transferred through the Philippines’ Rizal Commercial bank earlier this year, the Manila Times reports.Philrem Service Corp. owners Salud and Michael Bautista are disputing money laundering charges filed against them relating to the $81 million stolen by hackers in Bangladesh and transferred through the Philippines’ Rizal Commercial bank earlier this year, the Manila Times reports. The couple said the charges filed by the Anti-Money Laundering Council lacked any evidence indicating unlawful activity or predicate crime, and insisted they had merely processed the remittance transaction according to instructions relayed to them. The Council, however, accused Philrem of acting purposefully to obscure the source and traceability of those funds.   ...

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