The Court of Appeals affirmed the conviction of a former branch manager of Rizal Commercial Banking Corp. , who has been found guilty of money laundering in connection with the cyber heist of $81 million from Bangladesh’s central bank in 2016.
“In light of the above conclusions, there is no doubt that the prosecution was able to prove that Deguito is guilty of eight counts of violation of Section 4 of R.A. No. 9160, as amended. Thus, the Court finds no need to further discuss the other issues raised by the parties,” it stated.of eight counts of violation of the Anti-Money Laundering Act and acquitted her of one due to its similarity with one of the eight other cases.
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