A three-member team of Criminal Investigation Department (CID) will visit Philippines tomorrow night to coordinate with Philippine authorities on the money-laundering case over heist at Bangladesh Bank reserve account.

For Kim Wong, the Chinese casino owner in the Philippines entangled in one of the world's largest bank heists, there are two golden rules for dealing with wealthy punters: always demand to see their money, but never ask where it came from.

Filipino businessman Kim Wong, who is tagged in the $81 million cyber heist, yesterday turned over $4.63m to the Philippines' Anti-Money Laundering Council for safekeeping with the country's central bank.

Businessman Kim Wong admitted during a Senate hearing that US$21.6 million of the funds allegedly stolen from the Bank of Bangladesh went to his company but said he is willing to return half of the amount.

Bangladesh Bank says it has launched a “coordinated move” to recover the $101 million that was lost in cyber heist from the central bank’s account with US’ Federal Reserve Bank.

A Sri Lankan court has banned foreign travel by six directors of a foundation that police say was supposed to have received some of the money stolen from Bangladesh central bank's account.

Guidelines on Internal Control & Compliance for Banks were issued by the central bank on March 8, 2016, which recommended the commercial banks to take insurance as a risk mitigation measure. Such insurances are not over-the-counter products, and must be customised as per each bank's unique exposures.

US Congresswoman Carolyn B Maloney has raised some serious questions about the New York Federal Reserve Bank's actions regarding the $101-million heist from the Bangladesh Bank account.

The Anti-Money Laundering Council (AMLC) files a criminal complaint against two Chinese businessmen allegedly involved in the laundering through the Philippine financial system of $81 million stolen by mysterious computer hackers from the central bank of Bangladesh last month.

The “technology expert” who was missing for nearly a week after speaking to the media over cyber heist at Bangladesh Bank has been found from Dhaka.

The Bangladesh Bank was denied prompt responses from the intermediary banks and due diligence from the Federal Reserve Bank of New York, which would have raised the stakes of recovering a major chunk of the $81 million stolen by hackers.

Cyber thieves might have found it easier to break into the Bangladesh Bank system after its local area network (LAN) was connected with its SWIFT operation, according to central bankers and investigators.

Philippine regulators are reviewing foreign exchange rules to prevent money launderers from using the black market, the Philippine Daily Inquirer reports.

US cyber security firm FireEye, which is charging Bangladesh Bank $400 an hour to probe the $101 million heist, is hunting for a malware that it believes is still hiding in the bank's network.

The new governor of Bangladesh Bank Fazle Kabir starts his first day at work this noon, four days after he was appointed governor of the central bank by the government.

Two engineers of the Society for Worldwide Interbank Financial Telecommunication (SWIFT) starts investigation into their own system in the Bangladesh Bank.

Maia Santos-Deguito is not telling investigators the truth behind the money laundering of US$81 million that has once again put the Philippines on the map of notorious countries.

Inspector General of Police AKM Shahidul Hoque has said if needed, help would be sought from the international agencies dealing with money laundering, for unveiling the clue to the $101 million cyber heist at Bangladesh Bank.

The meeting between police’s Criminal Investigation Department (CID) and US’ Federal Bureau of Investigation over the cyber heist of Bangladesh Bank’s account deferred to Sunday.

Twenty million pesos believed to be part of the $81million funds stolen from Bangladesh Bank was allegedly loaded onto the vehicle of the branch manager of Rizal Commercial Banking Corporation, a witness told a Senate hearing in the Philippines yesterday.