1.How will I relate this issue to money laundering?

The $81 million Bangladesh bank heist involves a series of illegal transactions between states and
its territorial jurisdiction, whereby there's robbery involved in which the hackers or the robbers tried to
manipulate different bank accounts by continuous transfer of the stolen cash, allocating it to markets
deemed to be ones who are not covered by the anti-money laundering laws back in 2016, casinos to be
exact as stated in the article, which would make it appear that the money stolen where gotten from a
legitimate source and it is related to money laundering due to the definition of the Anti-Money Laundering
Act Section 4 or RA 10365, "Money laundering is a criminal offense that involves an actor combination of
acts whereby proceeds of an unlawful activity, whether in cash or other assets, are concealed or disguised
to make them appear to have originated from legitimate sources."

2.Knowing its powers, do you think AMLC has done its part in line of the issue?

In my opinion, though they took initiative continuously probing for about 7 weeks, they showed a
lack of power by not holding the following casinos liable to the full extent as to what money has been
laundered to them, they could've frozen multiple accounts to investigate the matter but instead they settle
the score to what was the only money available for the said casinos to return. They could have further
investigated the said individuals to ensure facts, but they let them use the money in their favor as to
settling debts as if the money were deemed come from a legitimate source.

3.Who do you think should be blamed, RCBC or Bangladesh Bank? Share your insights.

Both. Bangladesh Bank for not installing firewall making them vulnerable for such attacks not
monitoring their computer system in check of the hacks and malware which was installed a month before
the said heist and RCBC for not taking initiative in a suspicious transfer, the money involved is $81 million.
Such transaction, if legitimate, would be open to the public as it pertains to a huge amount of money
where such transfer cannot be done without politics or organization involved.