Tag Archives: RCBC
- Philippine DOJ indicts Bangladeshi bank heist figures
April 24, 2017
Philippine authorities have indicted several figures at the center of last year’s Bangladeshi bank heist while declining to indict two local casino junket operators who also figured prominently in the case. On Monday, the Philippine Department of Justice filed papers indicting former Rizal Commercial Banking Corporation (RCBC) branch manager Maia...
- Philippine bank fined record sum over its role in Bangladeshi bank heist
August 5, 2016
The Philippine bank at the center of those stolen Bangleshi millions has been hit with a record fine for its compliance failures. On Friday, the Bangko Sentral ng Pilipinas (BSP) slapped a P1b (US $21.3m) “supervisory enforcement action” on Rizal Commercial Banking Corporation (RCBC) for not raising enough questions when...
- Bank clears Solaire, City of Dreams Manila in $100M launder storm
March 7, 2016
Rizal Commercial Banking Corp. (RCBC), the bank named in a money laundering controversy involving hundreds of millions of dollars in the Philippines, said it does not deal with casinos as part of its “corporate good governance.” Last week, reports surfaced that some $100 million from a Bangladeshi financial institution found...
- Regulators investigate reports of $100M laundering via Philippine casinos
March 2, 2016
Philippine authorities have reportedly uncovered the biggest money laundering activity in the country, involving a total of $100 million that was transferred to three local casinos before it was moved out to overseas accounts. Quoting banking and government sources, media outlet Philippine Daily Inquirer reported that a financial institution in...
Okada Manila eyes Philippine backdoor listing
May 2, 2017