in connection with the Senate investigation of the RCBC money-laundering scandal. PhilRem was the money transfer firm used by RCBC to convert into pesos part of the $81-million funds stolen ...

MANILA, Philippines – Rizal Commercial Banking Corporation (RCBC) on Tuesday once again claimed that its bank has no involvement in the alleged money laundering of $100 million in the country.

“RCBC’s internal investigation had previously cleared Mr. Raul Tan of any participation in or breach of banking policies with respect to the $81 million money laundering issue,” Alvarez ...

(UPDATED) Various names have been tagged in the biggest money laundering scandal to ever hit the Philippines ... Rizal Commercial Banking Corporation (RCBC), PhilRem Service Corporation, and ...

THE ongoing RCBC money-laundering investigation has evidently become a topic ... The sad reality is that the all-too-typical way this scandal is being addressed only serves to camouflage the ...

The resignation took effect on May 6, the bank said. RCBC noted Tan was cleared of any breach of bank rules and policies after an investigation into the alleged $81-million money laundering scheme. In ...

Tan, resigned from the RCBC last April, at the height of the Senate investigation on the $81-million money laundering scandal that shook the domestic financial system as well as gaming industry.

RCBC said it was likewise “conducting ... her deputy Angela Torres for their alleged involvement in the money laundering scandal. Other branch and bank officials are expected to be meted out ...

Deguito allegedly facilitated the laundering of $81 million of stolen funds that were transferred from fictitious accounts at the RCBC Jupiter branch to casinos and junket operators. The money was ...