The New York State Supreme Court’s recent ruling in favour of the Bangladesh Bank has brought the country “one step closer” to recovering the stolen funds from the people responsible, according to the central bank.

Focus on cybersecurity, rather than crackdown on dissent

The Philippines appellate court has upheld the money laundering conviction of former Rizal Commercial Banking Corporation (RCBC) manager over an $81-million heist from the Bangladesh Bank in 2016.

A Dhaka court today again asked Criminal Investigation Department (CID) to submit probe report by August 17, 2022 in Bangladesh Bank cyber heist case.

A Dhaka court today set January 13 to submit a probe report in the case filed over Bangladesh Bank (BB) reserve heist that took place in 2016.

Bangladesh has sought from the Philippines the identities of the perpetrators involved in Bangladesh Bank heist, says Masud bin Momen, secretary (Asia Pacific) of the foreign ministry.

Terming the RCBC's defamation suit against the Bangladesh Bank baseless, a top BB official yesterday said it would not put any pressure on the central bank.

The government cannot disclose the Farashuddin-led committee's investigation report on Bangladesh Bank reserve heist so that probe by the Criminal Investigation Department is not “influenced”, Finance Minister AHM Mustafa Kamal told parliament last night.

A Dhaka court yesterday again asked Criminal Investigation Department (CID) to submit probe report by March 13 in Bangladesh Bank cyber heist case.

Mujibul Haque Chunnu, a lawmaker from the main opposition Jatiya Party, yesterday demanded that Finance Minister AHM Mostafa Kamal give a statement in parliament on the Bangladesh Bank cyber heist.

With the help of Federal Reserve Bank of New York, Bangladesh yesterday launched a legal battle to recover the full amount stolen from its central bank's reserve.

Finance Minister AMA Muhith says the investigation report on reserve heist of the Bangladesh Bank is not being made public as a case is pending with a court in the Philippines.

Cyber security firm Kaspersky Lab says it has obtained digital evidence that bolsters suspicions by some researchers that North Korea was involved in last year's $81 million cyber heist of the Bangladesh central bank's account at the Federal Reserve Bank of New York.

The heist of $81 million from the Bangladesh central bank's account at the New York Federal Reserve last year was "state-sponsored," an FBI officer in the Philippines, who has been involved in the investigations, says.

Bangladesh is well-known around the globe for its many achievements. Rapid economic progress, exceptional exports growth, universal primary education, elimination of poverty and bold strides in addressing income inequality.

Philippine banking regulators impose the single biggest monetary penalty on an erring financial institution in the country’s history, slapping Rizal Commercial Banking Corp. (RCBC) with a US$21.2-million ( P1-billion) fine in the wake of the cyber heist at Bangladesh Bank.

Bangladesh Bank is a step closer to recovering a portion of the US$81 million fund stolen by hackers from its account with the Federal Reserve Bank of New York, reports The Philippine Star.

US attorney's office opens probe of cyber heist of $81 million from Bangladesh Bank's account at the Federal Reserve Bank of New York, a law enforcement source says.

The government should carry out further investigation to find out whether the suspected Bangladesh Bank officials were really involved in the $101 million cyber heist, says Mohammed Farashuddin, head of the three-member body that probed the theft.

Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two people with direct knowledge of the matter.