RCBC | The Daily Star
  • Rizal Commercial Banking Corp

    BB heist: US$21.2 million fine on RCBC

    Philippine banking regulators impose the single biggest monetary penalty on an erring financial institution in the country’s history, slapping Rizal Commercial Banking Corp. (RCBC) with a US$21.2-million ( P1-billion) fine in the wake of the cyber heist at Bangladesh Bank.

  • BB heist: RCBC president resigns

    The Rizal Commercial Banking Corp (RCBC) accepts the resignation of Lorenzo Tan as president and CEO of the Yuchengco-controlled financial institution effective immediately, the bank says in a statement.

  • BB heist: Philippines bank RCBC’s treasurer quits

    The treasurer of Rizal Commercial Banking Corp of the Philippines resigns amid ongoing investigation on US$81-million money laundering case. The money was stolen on February 4 from Bangladesh Bank's account with Federal Reserve Bank of New York.

  • Philippines court starts process to return money to Dhaka

    Bangladesh Bank may have to wait longer before it gets the amount turned over by casino junket operator Kim Wong to the Anti-Money Laundering Council of the Philippines for safekeeping, although the court has already asked authorities to preserve the money.

  • BB cyber heist: Wong returns another $4.34m

    Casino junket operator Kim Wong has returned another P200 million ($4.34 million) to the Anti-Money Laundering Council (AMLC), which was believed to be part of the alleged $81million stolen funds from Bangladesh's central bank.

  • Bangladesh Bank

    Dhaka bank sent 3 urgent messages

    Three messages sent by the Bangladeshi central bank to the Rizal Commercial Banking Corp. (RCBC) on the morning of February 9, alerting the Yuchengco-controlled financial institution to the dubious provenance of the $81 million that was later revealed to be the largest money laundering caper in Philippine history.

  • Stop payment orders from BB 'vague': RCBC

    Rizal Commercial Banking Corporation (RCBC) says the bank could have held the stolen US$81 million if only the Bangladesh Bank sent "high priority messages."

  • Filipino willing to return $14.3m

    Kim Wong, the Filipino casino operator dubbed the “missing link” in the cyber heist of $81 million in Bangladesh Bank reserves, said he is willing to return up to $14.3 million he received from two Chinese nationals linked to the stolen funds.

  • BB fund heist: RCBC fires manager, deputy

    Philippines bank RCBC fires its Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres, citing violations of bank policies and procedures as well as falsification of commercial documents.

  • BB fund heist: Philippines bank manager ‘not telling truth’

    Maia Santos-Deguito is not telling investigators the truth behind the money laundering of US$81 million that has once again put the Philippines on the map of notorious countries.

  • BB fund heist: RCBC manager, 4 others summoned by DOJ

    Philippine justice department summons the branch manager of Rizal Commercial Banking Corporation to answer the criminal complaint filed against her and several others by the Anti-Money Laundering Council in connection with the $81 million stolen by hackers from the Bangladesh Bank.

  • Rizal Commercial Banking Corp

    Philippine bank let fund withdrawal despite NY bank stop order

    The Rizal Commercial Banking Corp. allows the withdrawal of the bulk of the funds suspected to have been stolen by computer hackers from the Bangladeshi central bank despite having received an order from its counterpart banks abroad to stop the payment.

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