BSP Imposes Biggest Monetary Sanction vs RCBC
RCBC faces a P1 billion fine because of the P81 million money laundering scandal. The Bangko Sentral ng Pilipinas (BSP) imposed a fine of P1 billion to Rizal Commercial Banking Corp. (RCBC) in connection to the P81 million money laundering scandal involving the amount stolen from the Bank of Bangladesh. According to the monetary board, … Read more