1. Money laundering charges still pending vs 6 RCBC officers  Manila Bulletin
  2. 6 other bank officials not yet off hook — Bangladesh envoy  Philippine Star
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Money laundering charges against six officers of the Rizal Commercial Banking Corporation (RCBC) are still pending with the Department of Justice (DOJ), Prosecutor General Richard Anthony Fadullon said Sunday.

Six other officials of the Rizal Commercial Banking Corp. (RCBC) are allegedly not yet off the hook a few days after former bank manager Maia Deguito was convicted of money laundering in one of the biggest cyber-heists in history involving $81 million belonging to the Bangladesh government.

Jitters over the $412-million debt owed by bankrupt Korean shipbuilder Hanjin to big Philippine banks soured sentiment at the stock market on Friday, spoiling an attempt by the local stock barometer to return to the 8,000 mark.

The chairman of the House Committee on Financial Intermediaries on Saturday asked the Securities and Exchange Commission (SEC) , Bangko Sentral ng Pilipinas (BSP) , and Department of Labor (DOLE) to step into the bankruptcy situation of Hanjin Heavy Industries and Construction Philippines and ensure that the interests of all stakeholders are protected.

The local finance sector is reeling after ship-building giant Hanjin’s Philippine unit filed for corporate rehabilitation.