Rappler's latest stories on Lorenzo tan
RCBC pays Bangladesh Bank heist fine in advance
The listed bank fully settles its record P1 billion fine for non compliance with banking laws and regulations in connection with the 81 million Bangladesh Bank money laundering scandal
Duterte, RCBC manager, Abu Sayyaf | 12PM wRap
Watch the 12PM wRap with Maria Ressa
Ex-RCBC manager linked to Bangladesh bank heist arrested for perjury
Maia Santos Deguito claims that Lorenzo Tan the president on leave of the RCBC was the brains behind the laundering of 81 million that a syndicate stole online from Bangladesh central bank
P1B fine unlikely to weaken RCBC's financial profile - Fitch
The P1 billion penalty is the largest ever imposed by the Bangko Sentral ng Pilipinas and is equivalent to about 20 of RCBC s 2015 net income
BSP fines RCBC P1B over Bangladesh heist
RCBC says it will pay the fine in two equal tranches over a one year period P500 million upon approval by the BSP and P500 Million one year after
Gil Buenaventura is new RCBC president and CEO
The 63 year old Development Bank of the Philippines chief will replace Lorenzo Tan as RCBC president and CEO starting July 1
RCBC president and CEO Lorenzo Tan resigns
He resigned to give the Board a free hand in directing the course of the Bank’s future RCBC says in a statement
WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 6
Watch the recording of the 6th Senate hearing on the money laundering scandal on Tuesday April 19 at 10:30 am
PODCAST: High stakes for Lorenzo Tan, RCBC
Deguito according to her lawyer Ferdinand Topacio received an email stating very clearly that the 81 million that entered RCBC is a valid remittance
Rodrigo Duterte, Tan vs Deguito, Garcia drops Binay | 12PM wRap
Watch Rappler’s 12PM newscast with Chay Hofileña
WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 5
Watch the recording of the 5th Senate hearing on the money laundering scandal
RCBC's Tan sues Deguito, seeks P32M in damages
RCBC president on leave Lorenzo Tan files charges against sacked branch manager Maia Santos Deguito over the Bangladesh Bank controversy
WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 4
Watch here the recording of the 4th Senate hearing on the money laundering scandal Tuesday April 5 at 10:30 am
Not the first controversy for RCBC 'miracle man' Lorenzo V. Tan
UPDATED When he led the United Coconut Planters Bank the bank faced a civil case for padding the loan obligation of a client
AMLC to draft bill relaxing bank secrecy
But an Anti Money Laundering Council member says there may be no longer enough time to pass the bill under the Aquino administration
William Go files 2 more forgery complaints vs Deguito, Torres
From all the evidence presented to the public the former RCBC Jupiter Makati branch officers are now caught in their web of lies William Go says
WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 3
Watch the recording of the Senate hearing here
RCBC manager no-show at Senate probe, cites health
She has health problems in a situation full of stress and strain former senator Rene Saguisag the co counsel of Maia Santos Deguito tells the Senate blue ribbon committee
RCBC chief goes on leave amid Bangladesh bank heist probe
UPDATED In a public apology the Yuchengco led bank says it will address any weaknesses in its controls and operations which may have facilitated the scheme
Limited power restricts AMLC actions in Bangladesh Bank heist
With no power to directly order freezing of accounts the Anti Money Laundering Council was unable to act swiftly on Bangladesh Bank s request
2 more criminal complaints against Deguito, Torres to be filed 'very soon'
The duo falsified the bank opening documents for the purported peso and dollar accounts of Go with RCBC Jupiter branch Ex S R owner William So Go s legal counsel says
Deguito: William Go wanted 10% of $81-M dirty money
But Go s lawyer Ramon Esguerra denies this saying the RCBC branch manager was the one who offered the businessman P10 million to participate in the scheme
4 new names emerge at Senate probe into Bangladesh bank heist
The plot thickens as 4 new names surface at the Senate probe into the elaborately planned laundering of funds stolen from Bangladesh Bank
WATCH: Senate hearing on $100-M Bangladesh bank heist, Day 2
Watch the recording of the Senate hearing here
US elections, Bangladesh bank heist, Salonga tribute | 12PM wRap
Watch Rappler’s 12PM newscast with Zak Yuson
WATCH: Senate hearing on $100-M Bangladesh bank fund heist
Watch the recording of the Senate hearing here
Include casinos, art in anti-money laundering law – SEC chief
Teresita Herbosa who also co chairs the Anti Money Laundering Council says her office will now push for the inclusion of casinos in the coverage of the Anti Money Laundering Act
RCBC branch manager not allowed to leave Philippines
UPDATED Maia Santos Deguito was already aboard Philippine Airlines flight 432 when she was offloaded on orders of the immigration bureau an airport official says
RCBC chief offers to go on leave
This is to give the bank a free hand in probing money laundering allegations involving a Makati branch and its branch manager says the lawyer of RCBC president and CEO Lorenzo Tan
Ex-S&R owner to sue RCBC manager over heist
William Go clarifies that his signature that appeared on RCBC’s records was forged
Pacquiao tops BIR list of individual taxpayers
UPDATED Of 12 known Filipino billionaires this year only one is in the top 10 of 2013 taxpayers – Andrew Tan of Alliance Global
Earth Hour aims to give fiberglass boats to Haiyan fishermen
Aside from the annual 60 minute switch off there will also be a crowd funding campaign to help fishermen get back to sea
HIGHLIGHTS: Powering Progress Together
Watch Shell s Powering Progress Together forum live on Rappler The forum aims to spark debate around how to remain resilient in a changing world
Palawan aims for a 100% renewable energy future
The last ecological frontier hopes to attract more renewable energy investors even as an opposed coal plant is in the works
Plane overshoots Balesin airstrip, no one hurt
A chartered flight overshoots the Balesin Island airstrip while a small jet hits a man on board a motorcycle at an airport in Bukidnon
Coming to grips with a climate-defined future
Climate change is a global phenomenon but it will manifest itself in clusters or pockets of risk How do we prepare ourselves?
Don't raise ATM fees, banks told
Citing consumer protection issues the Bangko Sentral ng Pilipinas BSP says banks have to defer hikes in ATM fees pending a study of industry practices
That morning in Tubbataha
Tubbataha Reef celebrated its 25th anniversary as a Marine Protected Area last August 11
US Navy paid Hawaii P610-M for coral damage
The US Navy paid the State of Hawaii P610 M for about half the damage estimated in the case of the Tubbataha Reef accident according to the World Wildlife Fund
