$81M Hacking of Bangladesh Bank, US Federal Reserve in New York to RCBC bank in PH and Sri Lanka bank to Solaire Casino.

[Ry_Tower]

After cleaning his records.... tan steps down


RCBC chief quits, cleared by bank probe | Inquirer Business

Naghugas kamay. Tsk tsk

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[baludoy]

anybody may idea kung anong bangko tinutukoy dito ng cnn?

North Korea-linked 'Lazarus' hackers hit a fourth bank in Philippines - May. 26, 216

[StockEngine]

Tan got away...

BSP fines RCBC 1B PHP, thats only 21M USD. They should've doubled the money lost which is 7.6B PHP

BSP is to lenient...

RCBC fined P1-B in money laundering case - YouTube

[Altis6453]

The BSP will likely never allow Tan to work in the banking industry again. For a career banker, that's like a death sentence.

[badkuk]

^ Something tells me the guy got a "severance package" from RCBC.


According to the Bangladeshis, Duterte has promised to return the stolen US$81million. If that's the case, who exactly( RCBC, taxpayer) is supposed to pay?

Of course we are involved in the heist, but should we foot the entire US$81million btw? i feel the Bank of Bangladesh is also culpable -- who got hacked in the first place?

[Ry_Tower]

The BSP will likely never allow Tan to work in the banking industry again. For a career banker, that's like a death sentence.

He's rich already, he can afford to retire.

[minicarph]

masakit yah parang disgraced - you lived all your life as a banker, it identified you, it is you then suddenly all people think that you did something wrong




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[dr. d]

masakit yah parang disgraced - you lived all your life as a banker, it identified you, it is you then suddenly all people think that you did something wrong




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hindi nahihiya ang walang jimmy (jiminy?) cricket.

what should be done, is to see if he really was guilty, and if so, jail him and confiscate all that money.

these guys have to be taught that crime does not pay.

[Ry_Tower]

hindi nahihiya ang walang jimmy (jiminy?) cricket.

what should be done, is to see if he really was guilty, and if so, jail him and confiscate all that money.

these guys have to be taught that crime does not pay.

Iilan lang ba nakakakilala sa kanya. Lipat lang siya province okay na. Better yet sa HK.

Much better talaga mapanagot ang may sala. Trust issue is so big with this fiasco. Kelangan nang RCBC linisin pangalan nila. It's the bank that needs to clean up their mess.

[vinj]

masakit yah parang disgraced - you lived all your life as a banker, it identified you, it is you then suddenly all people think that you did something wrong




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Agree here. In banking and finance, your name is more prestigious and matters more than your paycheck.

[StockEngine]

masakit yah parang disgraced - you lived all your life as a banker, it identified you, it is you then suddenly all people think that you did something wrong




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Why the sympathy for Tan?, he should be imprisoned including that lady branch manager and that chinese fellow.

This amla institution should be fixed. Their investigation is too slow.

[dreamur]

In my CPA accreditation classes, there were 4 RCBC officers. When the subject turned to corporate ethics, naglaho bigla.

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[Mask Rider Blac]

In my CPA accreditation classes, there were 4 RCBC officers. When the subject turned to corporate ethics, naglaho bigla.

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What is CPA accreditation classes?

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[dreamur]

What is CPA accreditation classes?

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Seminars in order to get CPD credits required to obtain accreditation from BOA (Board Of Accountancy). This is a must for CPAs to be able to sign audited FS.

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[minicarph]

Why the sympathy for Tan?, he should be imprisoned including that lady branch manager and that chinese fellow.

This amla institution should be fixed. Their investigation is too slow.

Hinde ah. Naiisip ok Lang even with all that retirement money, is it enough to destroy all that you lived for? sooner or later it'll catch up to him even With all the money in the world can't help it


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[dr. d]

Hinde ah. Naiisip ok Lang even with all that retirement money, is it enough to destroy all that you lived for? sooner or later it'll catch up to him even With all the money in the world can't help it


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for many people, it's the money. period.
who cares what the neighbor thinks?

that is why, it is not enough to fire (actually, retire!) these guys. they must be prosecuted and if found guilty, jailed and the moneys confiscated. hit 'em where it pains them.

in my opinion, they did not destroy only their reputation. they mudded the reputation of the philippine banking system. i am not sure how this effectively affected the way we live, but i read that at the early days when this fiasco was made public, overseas transactions (OFWs) became a bit more difficult and/or more expensive.

[_Cathy_]

for many people, it's the money. period.
who cares what the neighbor thinks?

Yes unfortunately. It's all about the money.

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[Mask Rider Blac]

Seminars in order to get CPD credits required to obtain accreditation from BOA (Board Of Accountancy). This is a must for CPAs to be able to sign audited FS.

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Oh I see. May ganong requirement pala external auditors. That is good to know. Thanks.

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[dreamur]

Oh I see. May ganong requirement pala external auditors. That is good to know. Thanks.

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Not just external auditors sir. Even a corporate slave like me who will sign FS is required to be accredited.

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[CVT]

Tan got away...

BSP fines RCBC 1B PHP, thats only 21M USD. They should've doubled the money lost which is 7.6B PHP

BSP is to lenient...

RCBC fined P1-B in money laundering case - YouTube

So who pays for the balance???

We, taxpayers???

These people should be punished to the fullest extent of the law, so that others who are thinking of doing a similar stunt will never even imagine it.

The image of Philippine banking is tainted through the actions (and greed) of these people.