RCBC Releases Statement on AMLC Complaints Filed Against Executives

Makati—(PHStocks)—Rizal Commercial Banking Corp. (RCBC, PSE: RCB)  has released the following statement on AMLC complaint/s filed against RCBC executives regarding the $81-million Bangladesh cyber theft issue.

“We have yet to receive a copy of the AMLC complaint/s but going by our independent internal investigation early this year, we believe that no head-office official was involved in the transaction that was initiated and carried out by key people in our Jupiter Makati branch. We welcome the charges as an opportunity to conclusively prove that our executives acted properly and had no knowledge or participation in any money laundering. We are confident that the cases filed against these RCBC officers will be dismissed.”

– Gil A. Buenaventura, RCBC President and CEO

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