The Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is facing an investigation into possible money laundering involving $81-million worth of stolen funds allegedly deposited in one of its Makati branches, and said it will cooperate with government regulators but will continue to be cognizant of its bank secrecy obligations.

The funds were said to be part of more than $100 million reportedly taken by hackers from an account of the Bangladesh central bank in New York. Further reports alleged that the money was laundered through deposits to four bank accounts in RCBC via wire transfers to the bank’s branch on Jupiter Street in Makati City.

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