The Bank of Guam responded to the faults in their check deposit system via ATM where a check of lower value can be deposited by entering a higher amount leading to transfer of money. In June, Clifton Soalablai, who was President’s Chief Security Guard along with Soalablai’s wife Margie Ngirmidol, was charged with money laundering […]
Tag: BOG
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Flaw in the Bank of Guam system as transactions on false check proceed
The recent case of alleged fraud using the check deposit system of Bank of Guam ATM has pointed towards the bigger flaw in the BOG systems where a check of lower value can be deposited by entering a higher amount leading to transfer of money without a preventive mechanism. Last month Clifton Soalablai who was […]
Posted inTop Stories
BOG comments “customer privacy” in the alleged bank fraud case
The Bank of Guam (BOG) has cited customer privacy in the case of President’s Chief Security Guard who was arrested and later bailed for alleged bank fraud turned money laundering. The manager of BOG, Koror, David Sablan said that he is not allowed to talk to the press directly about Clifton Soalablai case that occurred […]