Crime, Manila, News

BSP slaps RCBC P1-B over Bangladesh bank cyber heist

6 Aug , 2016  

Rizal Commercial Banking Corp. (RCBC) get slapped with a P1 billion fine in connection with the US $81 million cyber bank heist from Bangladesh Bank. The BSP said the policy-making Monetary Board-approved supervisory action against the bank was made “in connection with the special examination conducted by the Bangko Sentral ng Pilipinas (BSP) relating to […]

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Crime, Manila, News

Bangko Sentral scraps permits of Philrem, 2 others

2 Jun , 2016  

Manila — The policy-making Monetary Board of the Bangko Sentral ng Pilipinas has cancelled the Certificate of Registration of Philrem Services Corp., the remittance service provider facing lawsuits for alleged involvement in the laundering of about US $81 million stolen from Bangladesh Bank in February 2016. The board also cancelled the certificate of registration as […]

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