Lorenzo Tan - updates

Rappler's latest stories on Lorenzo Tan

ARTICLE FINDER

RCBC pays Bangladesh Bank heist fine in advance

May 23, 2017 - 8:20 PM

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

COMING CLEAN. The logo of the RCBC bank is seen at the RCBC building in Manila's financial district on March 11, 2016. The bank owned by the late taipan Alfonso Yuchengco launched numerous initiatives to reinforce its anti-money laundering (AML) framework. File photo by AFP

Duterte, RCBC manager, Abu Sayyaf | 12PM wRap

Aug 18, 2016 - 12:05 PM

Watch the 12PM wRap with Maria Ressa

Ex-RCBC manager linked to Bangladesh bank heist arrested for perjury

Aug 18, 2016 - 12:01 AM

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

DEGUITO. Maia Deguito, manager of the Rizal Commercial Banking Corp (RCBC) branch in Manila's financial district, gestures as she answers a question during a senate hearing in Manila on April 5, 2016. File photo by Noel Celis/AFP

P1B fine unlikely to weaken RCBC's financial profile - Fitch

Aug 09, 2016 - 8:45 PM

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

STABILITY. Fitch Ratings says RCBC will remain financially stable in the medium term despite the lender's involvement in the $81 million Bangladesh Bank heist

BSP fines RCBC P1B over Bangladesh heist

Aug 05, 2016 - 6:08 PM

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

May 16, 2016 - 5:56 PM

The 63 year old Development Bank of the Philippines chief will replace Lorenzo Tan as RCBC president and CEO starting July 1

NEW HEAD. Buenaventura, a seasoned banker, would become president and chief executive officer of RCBC starting July 1. Photo from DBP website

RCBC president and CEO Lorenzo Tan resigns

May 06, 2016 - 6:35 PM

He resigned to give the Board a free hand in directing the course of the Bank’s future RCBC says in a statement

SENATE PROBE. RCBC president and CEO Lorenzo Tan attends the Senate probe into the stolen Bangladesh Bank funds in March. 2016. Photo by LeAnne Jazul/Rappler

WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 6

Apr 19, 2016 - 11:00 AM

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

Apr 12, 2016 - 12:47 PM

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

Apr 12, 2016 - 12:43 PM

Watch Rappler’s 12PM newscast with Chay Hofileña

WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 5

Apr 12, 2016 - 8:26 AM

Watch the recording of the 5th Senate hearing on the money laundering scandal

RCBC's Tan sues Deguito, seeks P32M in damages

Apr 11, 2016 - 10:00 PM

RCBC president on leave Lorenzo Tan files charges against sacked branch manager Maia Santos Deguito over the Bangladesh Bank controversy

HEAD TO HEAD. Lorenzo Tan (L) files charges against Maia Santos-Deguito (R), accusing the ex-RCBC branch manager of libel and false testimony

WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 4

Apr 05, 2016 - 11:30 AM

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

Apr 02, 2016 - 5:18 PM

UPDATED When he led the United Coconut Planters Bank the bank faced a civil case for padding the loan obligation of a client

UNBLEMISHED? Lorenzo Tan says his track record of 18 years in the banking industry is 'unblemished.' Photo by LeAnne Jazul/Rappler

AMLC to draft bill relaxing bank secrecy

Apr 01, 2016 - 9:39 AM

But an Anti Money Laundering Council member says there may be no longer enough time to pass the bill under the Aquino administration

URGENTLY NEEDED. Dooc says he has heard President Benigno Aquino III is willing to certify the bill as urgent. Photo by LeAnne Jazul/Rappler

William Go files 2 more forgery complaints vs Deguito, Torres

Mar 31, 2016 - 5:06 PM

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

SIMULATED FORGERY. William So Go says the forgery simply shows that he 'did not open the peso and dollar accounts with RCBC Jupiter.' Photo by LeAnne Jazul/Rappler

WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 3

Mar 29, 2016 - 12:43 PM

Watch the recording of the Senate hearing here

RCBC manager no-show at Senate probe, cites health

Mar 29, 2016 - 12:13 PM

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

ASSURANCE. Former senator Rene Saguisag, co-counsel of Maia Santos-Deguito, tells the Senate blue ribbon committee that her client vows to attend the next hearings. Photo by Alecs Ongcal/Rappler

RCBC chief goes on leave amid Bangladesh bank heist probe

Mar 23, 2016 - 3:50 PM

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

DEEP REGRETS. RCBC offers its sincerest apologies for the involvement of its personnel in the money laundering scheme. In the photo is RCBC President and CEO Lorenzo Tan. Photo by LeAnne Jazul/Rappler

Limited power restricts AMLC actions in Bangladesh Bank heist

Mar 22, 2016 - 6:33 PM

With no power to directly order freezing of accounts the Anti Money Laundering Council was unable to act swiftly on Bangladesh Bank s request

MORE TEETH. AMLC's Julia Bacay-Abad says the Philippines is not a haven for money laundering. Photo by LeAnne Jazul/Rappler

2 more criminal complaints against Deguito, Torres to be filed 'very soon'

Mar 21, 2016 - 6:59 PM

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

MORE CHARGES. The Filipino-Chinese businessman will file more charges against the RCBC branch manager who linked him to the Bangladesh Bank fund heist

Deguito: William Go wanted 10% of $81-M dirty money

Mar 21, 2016 - 2:53 PM

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

PLOT THICKENS. So Go is among those who are being investigated for a cross-border electronic fraud and money-laundering scheme. Photo by LeAnne Jazul/Rappler

4 new names emerge at Senate probe into Bangladesh bank heist

Mar 19, 2016 - 12:00 PM

The plot thickens as 4 new names surface at the Senate probe into the elaborately planned laundering of funds stolen from Bangladesh Bank

NEW CHARACTERS. The investigation over the mysterious electronic theft of $81 million from Bangladesh’s official account at the Federal Reserve Bank of New York drags on.

WATCH: Senate hearing on $100-M Bangladesh bank heist, Day 2

Mar 17, 2016 - 12:09 PM

Watch the recording of the Senate hearing here

US elections, Bangladesh bank heist, Salonga tribute | 12PM wRap

Mar 16, 2016 - 4:59 PM

Watch Rappler’s 12PM newscast with Zak Yuson

WATCH: Senate hearing on $100-M Bangladesh bank fund heist

Mar 15, 2016 - 1:54 PM

Watch the recording of the Senate hearing here

Include casinos, art in anti-money laundering law – SEC chief

Mar 14, 2016 - 7:13 PM

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

STRENGTHEN AMLA. 'We need to strengthen the law, Money laundering can only be stopped if everyone in the world cooperates," AMLC's Teresita Herbosa says. Rappler photo

RCBC branch manager not allowed to leave Philippines

Mar 12, 2016 - 10:42 AM

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

HEATS UP. The probe on $100-million bank heist in downtown Manhattan heats up

RCBC chief offers to go on leave

Mar 11, 2016 - 5:28 PM

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

ALLEGATIONS DENIED. Tan says his track record of 18 years in the local banking industry is unblemished. Photo from RCBC Website

Ex-S&R owner to sue RCBC manager over heist

Mar 11, 2016 - 3:33 PM

William Go clarifies that his signature that appeared on RCBC’s records was forged

LEGAL BATTLE CONTINUES. Go's legal counsel says his office is looking to sue RCBC and its Jupiter branch manager

Pacquiao tops BIR list of individual taxpayers

Mar 28, 2015 - 4:53 PM

UPDATED Of 12 known Filipino billionaires this year only one is in the top 10 of 2013 taxpayers – Andrew Tan of Alliance Global

Pacquiao tops list of top taxpayers for 2013

Earth Hour aims to give fiberglass boats to Haiyan fishermen

Feb 19, 2014 - 6:35 PM

Aside from the annual 60 minute switch off there will also be a crowd funding campaign to help fishermen get back to sea

FIBERGLASS BOAT. The grey boat in the photo is a prototype of the fiberglass Mark I model. Photo by Gregg Yan/WWF-Philippines

HIGHLIGHTS: Powering Progress Together

Feb 06, 2014 - 2:10 PM

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

Oct 23, 2013 - 1:57 PM

The last ecological frontier hopes to attract more renewable energy investors even as an opposed coal plant is in the works

GOING FOR RENEWABLE ENERGY. Palaweños gather to lend their support to the Palawan provincial government's 100% renewable energy plan. All photos by Pia Ranada/Rappler

Plane overshoots Balesin airstrip, no one hurt

Oct 20, 2013 - 6:34 PM

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

Sep 30, 2013 - 10:08 AM

Climate change is a global phenomenon but it will manifest itself in clusters or pockets of risk How do we prepare ourselves?

Lory Tan

Don't raise ATM fees, banks told

Sep 26, 2013 - 3:57 PM

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

NO HIKE. The banking regulator orders industry players to defer increase in ATM fees. File photo by AFP

That morning in Tubbataha

Aug 17, 2013 - 9:38 AM

Tubbataha Reef celebrated its 25th anniversary as a Marine Protected Area last August 11

FLOURISHING. Despite destruction from ships that ran aground it and illegal fishing, Tubbataha Reef is doing well. Photos by JML Tan

US Navy paid Hawaii P610-M for coral damage

Jan 28, 2013 - 11:05 AM

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