Rizal Commercial Banking Corporation

BB fund: Theft a blow to Philippine efforts to lure investors

The Philippines’ failure to address the loopholes in anti-money laundering safeguards could affect even foreign investments in the infrastructure space, a conduit for which is the Aquino administration’s flagship Public Private Partnership (PPP) program.

March 23, 2016
March 23, 2016

Philippine bank president goes on leave amid $81m dirty money investigation

Rizal Commercial Banking Corporation (RCBC) president Lorenzo Tan has gone on indefinite leave of absence on the heels of the government’s probe on the US$81 million in dirty money that slipped through the cracks of the local financial system with the bank’s branch in Jupiter Street, Makati as the gateway.

March 21, 2016
March 21, 2016

BB fund: Theft a blow to Philippine efforts to lure investors

The Philippines’ failure to address the loopholes in anti-money laundering safeguards could affect even foreign investments in the infrastructure space, a conduit for which is the Aquino administration’s flagship Public Private Partnership (PPP) program.

March 18, 2016
March 18, 2016

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.

March 13, 2016
March 13, 2016

Banker in midst of heist controversy

Maia Santos-Deguito, manager of Rizal Commercial Banking Corporation's (RCBC) Jupiter Street branch in Makati City of the Philippines is feeling the heat of the allegation of laundering $81 million stolen from the US account of Bangladesh Bank.