48
Protecting Mobile Money against Financial Crimes
Box 2.3 (continued) Figure B.2
Case 3
Mr. A & Mr. B advertised fake overseas employment offers as caregivers and nurses
money was collected through G-Cash remittances
the promised deployment abroad never materialized
VICTIMS sent between $65 and $975 for training and processing fees
Source: Authors.
different individuals going to the same person. G-Cash also discovered that on several occasions Accused A and his cohorts were able to cash-out the funds received from their victims. In an entrapment operation held sometime in April 2009, investigators from the Philippines’ FIU and operatives of the NBI were able to arrest A when he attempted to cash-out remittances received from various victims. The arrest warrant for fraud and illegal recruitment was issued by the Regional Trial Court of Manila. The NBI subsequently filed charges of fraud against A and B. Given the small values involved, both men were able to post bail. Source: The Philippine Anti-Money Laundering Council.