Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular


Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World



Bangladesh central bank sends team to Manila to push for heist money recovery


FILE PHOTO: Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016.

DHAKA - Bangladesh’s central bank will send a team of officials to the Philippines on Tuesday to push for the recovery of more of the $81 million stolen from its account at the New York Federal Reserve last year and routed through a bank in Manila.

Bangladesh Bank has been able to retrieve only about $15 million of the money stolen in one of the world’s biggest cyber heists.

A Bangladesh Bank lawyer, Ajmalul Hossain, told Reuters on Monday the bank was working on “various ways” to get back the rest of the money from institutions in the Philippines.

Hossain said two officials from Bangladesh Financial Intelligence Unit, controlled by the central bank, would meet representatives of the Philippine Department of Justice, Anti-Money Laundering Council and a presidential commission, among others.

“All the money that was lost has been frozen ... we’re trying to expedite the process of recovery,” Hossain told Reuters by telephone from London.

Hossain declined to give details of the strategy to recover the money from the heist, which according to the U.S. Federal Bureau of Investigation was state-sponsored.

On the evening of Feb. 4 last year, the yet-to-be-identified hackers initiated fake transfer orders which sought to move nearly $1 billion from Bangladesh Bank’s New York Fed account mostly to accounts at the Manila-based Rizal Commercial Banking Corp (RCBC).

Many of the transfer orders initiated by the hackers were blocked or reversed by intermediary banks, but $81 million made it to accounts in fake names at RCBC. Most of the funds then disappeared into Manila’s loosely regulated casino industry.

The Philippines’ Anti-Money Laundering Council has accused several RCBC officials of money-laundering in a complaint filed at its Justice Department, though the bank has blamed only a couple of rogue officials.

Bangladesh Bank and RCBC have exchanged accusations of responsibility for the crime.

RCBC was fined a record one billion pesos ($19.54 million) by the Philippine central bank for its failure to prevent the movement of the stolen money through its bank, while a top Bangladeshi investigator has said he suspected some IT technicians from the Dhaka-based bank helped the hackers carry out the heist.

The $15 million that Bangladesh has been able to recover is part of $35 million that Manila casino boss Kim Wong had told a Philippines Senate inquiry he received from two Chinese gamblers without knowing it was stolen.



Ads,5,Afghanistan,69,Africa,17,Americas,4,Animals,36,Asia,185,Australia,9,Austria,3,Bahrain,2,Bangladesh,16,Barcelona,1,Belgium,3,Brunei,1,Business,1239,Canada,2,Catalan,80,China,111,Cuba,3,Egypt,21,Europe,207,Fitness,14,France,22,Germany,33,Headlines,11,Health,168,Hillary Clinton,199,Hong Kong,1,Hungary,1,Iceland,1,India,100,Indonesia,8,International,75,Iran,74,Iraq,72,Ireland,2,Islamophobia,19,Israel,8,Italy,2,Japan,26,Jordan,1,Kenya,5,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malaysia,12,Malta,1,Maxico,3,Middle East,111,Muslim World,572,Myanmar,32,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,8,Niger,1,Nigeria,1,Nobel Prize,81,North Korea,48,Norway,1,Opinion,26,Pakistan,1021,Palestine,35,Philippine,11,Pics,66,Poland,2,Popular,1,Qatar,93,Rohingya,118,Russia,36,Rwanda,1,Saudi Arabia,80,Science,144,Serbia,2,Showbiz,347,Somalia,4,South Africa,1,South Korea,5,Spain,49,Sports,1289,Sudan,1,Sweden,1,Switzerland,2,Syria,104,Taiwan,2,Technology,437,Thailand,4,Today IN History,19,Top News,983,Tunisia,1,Turkey,73,U.S.,270,UAE,21,UK,46,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4679,Yemen,21,
Muslim Global: Bangladesh central bank sends team to Manila to push for heist money recovery
Bangladesh central bank sends team to Manila to push for heist money recovery
Muslim Global
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy