$81 Million Money laundering Heist! Makati Court finds ex-RCBC Manager Maia Deguito guilty of money laundering.
The Anti-Money Laundering Council (AMLC) has filed criminal charges against the former treasurer of the Yuchenco-led Rizal Commercial Banking Corp. RCBC is at the center of a Senate investigation into a cyber heist in which $81 million was stolen from the Bangladesh central bank’s account at the U.S. Federal Reserve Bank of New York and allegedly deposited in one of its branches
The money was transferred to a Manila Branch of the Rizal Commercial Banking Corp. (RCBC), then quickly withdrawn and laundered through local casinos.
