HALISTER1: Rizal Bank Issues Apology for Staff Involvement in Laundering

Rizal Bank Issues Apology for Staff Involvement in Laundering

(Bloomberg) -- “RCBC offers its sincerest apologies for the involvement of its personnel in the money laundering scheme now subject of Senate Blue Ribbon and AMLC investigations,” Rizal Commercial Banking says in e-mailed statement.
  • Rizal Bank, also called RCBC, to cooperate in proceedings
  • RCBC also conducting its own inquiry “to identify and address any weakness in its controls and operations which may have facilitated the scheme”
  • Bank to take appropriate action against any officer or staff found guilty or negligent
  • NOTE: Rizal Bank Fires Branch Manager, May Suspend More in Heist Probe Link
  • NOTE: Anti-Money Laundering Council or AMLC said March 22 heist action wasn’t slow Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
RCB PM (Rizal Commercial Banking Corp)

To de-activate this alert, click here

UUID: 7947283