Bangladesh Bank

Bangladesh will get stolen funds back: Philippine justice dept

The Department of Justice (DOJ) assures that the money stolen by hackers from the Bangladesh Bank will be returned to its government as soon as possible but procedures have to be followed.
26 April 2016, 12:47 PM

Editorial: Return Bangladesh Bank money now

The globally publicized US$81-million money-laundering scandal is enough international embarrassment for the Philippines. The least the Philippine Government can do now is to return the money as fast as the legal process will allow.
26 April 2016, 04:22 AM

BB heist: Attackers ‘hacked SWIFT software’

The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, say security researchers.
25 April 2016, 09:54 AM

BB heist: Bangladesh envoy to Philippines fears delay in recovery of stolen $81 million

Bangladesh Ambassador to the Philippines John Gomes expressed his worries over delay in recovery of US$81 million stolen from Bangladesh Bank account with Federal Reserve Bank of New York.
22 April 2016, 03:28 AM

Bangladesh Bank exposed to hackers by cheap switches, no firewall: cops

Bangladesh's central bank was vulnerable to hackers because it did not have a firewall and used second-hand, $10 switches to network computers connected to the SWIFT global payment network, an investigator into one of the world's biggest cyber heists says.
21 April 2016, 18:16 PM

BB heist probe report will be made public: Muhith

The government will make public the probe report on the cyber heist of US$101 million from Bangladesh Bank’s account with New York’s Federal Reserve Bank.
21 April 2016, 08:17 AM

Philippines court starts process to return money to Dhaka

Bangladesh Bank may have to wait longer before it gets the amount turned over by casino junket operator Kim Wong to the Anti-Money Laundering Council of the Philippines for safekeeping, although the court has already asked authorities to preserve the money.
21 April 2016, 03:51 AM

Bangladesh Bank cyber heist: Chinese trader Wong returns another $4.34m

Casino junket operator Kim Wong has returned another P200 million ($4.34 million) to the Anti-Money Laundering Council (AMLC), which was believed to be part of the alleged $81million stolen funds from Bangladesh's central bank.
19 April 2016, 18:00 PM

CID finds 20 foreigners’ link in BB cyber heist

Bangladesh's Criminal Investigation Department (CID) claims they found 20 foreigners involved in cyber heist of US$ 101 million from Bangladesh Bank's Federal Reserve Bank account, says they have found proof of negligence by central bank staff.
18 April 2016, 06:54 AM

CPD for open hearing on Bangladesh central bank reserve heist

The Centre for Policy Dialogue (CPD) has called for an open hearing on the Bangladesh Bank's reserve heist saying that the theft had not
17 April 2016, 18:00 PM

CPD for open hearing on BB fund heist

The standing committee on finance ministry should hold an open hearing over the Bangladesh Bank heist, distinguished fellow of Centre for Policy Dialogue Dr Debapriya Bhattacharya.
17 April 2016, 07:06 AM

Dhaka bank sent 3 urgent messages

Three messages sent by the Bangladeshi central bank to the Rizal Commercial Banking Corp. (RCBC) on the morning of February 9, alerting the Yuchengco-controlled financial institution to the dubious provenance of the $81 million that was later revealed to be the largest money laundering caper in Philippine history.
13 April 2016, 05:33 AM

Stop payment orders from Bangladesh Bank 'vague': RCBC

Rizal Commercial Banking Corporation (RCBC) says the bank could have held the stolen US$81 million if only the Bangladesh Bank sent "high priority messages."
12 April 2016, 11:08 AM

HC issues rule for recovering stolen BB money

The High Court issues a rule asking the government to explain in four weeks as to why it should not be directed to take necessary steps to recover the money stolen from Bangladesh Bank.
12 April 2016, 07:16 AM

BB heist: WB for including casinos in Philippines dirty money law

The Philippines must make sure casinos are covered by anti-money laundering legislation, the World Bank says, joining calls for the government to better regulate its gambling industry after stolen millions from Bangladesh found their way to Manila.
11 April 2016, 11:38 AM

People’s money being looted: Ershad

Jatiya Party Chairman HM Ershad says the money of the general people of the country is being looted indiscriminately.
9 April 2016, 12:44 PM

BB heist: Top Asia IT security meet to be held in Sri Lanka

The recent Bangladesh Bank heist has brought to light the criticality of cyber security for a nation and its economy. And therefore emphasises the need to secure the cyberspace with collaboration from the cyber security community across borders.
7 April 2016, 04:42 AM

Handover of BB missing millions to take a little time: Ambassador

It will "take a little time" before Bangladesh central bank gets back a portion of its missing millions.
6 April 2016, 13:16 PM

BB hackers ‘possibly Chinese,’ says Philippines senator

Chinese hackers are possibly behind one of the world's biggest cyber heists, the theft of $81 million from the Bangladesh central bank, a senator in the Philippines says.
6 April 2016, 05:53 AM

BB Cyber Heist: Wong vows to turn over another US$ 9.73m to Senate

Casino junket operator Kim Wong promises to return to the Senate another US$ 9.73m, which was believed to be part of the alleged $81million stolen funds from the Bangladesh’s central bank.
5 April 2016, 07:14 AM