RCBC

Bangladesh Bank heist: CID fails to file probe report for the 64th time

A Dhaka court today again asked Criminal Investigation Department (CID) to submit probe report by August 17, 2022 in Bangladesh Bank cyber heist case.

BB heist: Philippine central bank slaps 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.

Bangladesh Bank fund heist / 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.

Bangladesh Bank cyber heist: Chinese trader 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.

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.

BANGLADESH BANK FUND HEIST / Stop payment orders from Bangladesh Bank '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."

BB Cyber Heist / 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.

June 21, 2022
June 21, 2022

Bangladesh Bank heist: CID fails to file probe report for the 64th time

A Dhaka court today again asked Criminal Investigation Department (CID) to submit probe report by August 17, 2022 in Bangladesh Bank cyber heist case.

August 5, 2016
August 5, 2016

BB heist: Philippine central bank slaps 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.

May 6, 2016
May 6, 2016

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.

April 21, 2016
April 21, 2016

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.

April 21, 2016
April 21, 2016

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.

April 20, 2016
April 20, 2016

Bangladesh Bank cyber heist: Chinese trader 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.

April 13, 2016
April 13, 2016

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.

April 12, 2016
April 12, 2016

Stop payment orders from Bangladesh Bank '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."

March 30, 2016
March 30, 2016

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.

March 22, 2016
March 22, 2016

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.