MANILA, Philippines – The Department of Justice (DOJ) has filed a money laundering case against officials of Rizal Commercial Banking Corporation (RCBC) in connection with the $81-million stolen by hackers from the Bank of Bangladesh in 2016. ADVERTISEMENT“The resolution found the five officers of the RCBC Retail Banking Group remiss in their duties and thereby facilitated the offense of money laundering,” Justice Undersecretary and DOJ Spokesperson Markk Perete said. Thea Daep said “we are confident that they will be vindicated since our investigation, conducted by independent third parties, concluded they had no knowledge about the alleged money laundering activity at all.”ADVERTISEMENT“We expect the complaint to be dismissed consequently,” she added. Previously, RCBC Jupiter Branch Manager Maia Santos-Deguito was found guilty for 7 counts of violation of the Anti-Monetary Laundering Act. She was also required to pay not more than 200 percent of the value of the laundered amount or almost $110-million.

Source: Philippine Daily Inquirer May 22, 2019 04:30 UTC