DOJ Files Money Laundering Raps VS 5 RCBC Execs

DOJ on RCBC 5 execs

DOJ Files Money Laundering Case Against 5 RCBC Execs DOJ – The Department of Justice (DOJ) filed a money laundering charges against 5 Rizal Commercial Banking Corporation (RCBC) officials. The Makati Regional Trial Court (RTC) branch 149 found the former RCBC branch manager Maia Deguito guilty of money laundering. She cleared and processed the money … Read more

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

Senate Probe Into $81M Continues

Senate Probe

Senate probe into $81 million continues on Thursday, May 19. Senate probe into $81 million stolen funds from Bangladesh continues on Thursday, May 19.  The funds were transmitted online to the four private accounts at a brance of the Rizal Commercial Banking Corp. in Makati City. Cyber criminals has stolen the $6.9 million out of the … Read more

Three Filipina Executives In the List of 50 Most Powerful Businesswomen in Asia

Forbes Magazines, one of the world’s leading financial authority named three Filipina executives who made it to the elite list of Forbe’s 50 Powerful Businesswomen in Asia for the year 2015. The three executives are all daughters of business tycoons in the Philippines, the three Filipinas are Teresita Sy-Coson, Helen Yuchengco-Dee, and Zenaida Rustia-Tantoco.  Coson, … Read more