The Federal Reserve Bank of New York announced that it will formally assist Bangladesh Bank in a lawsuit to recover funds stolen by hackers. In 2016, the central bank of Bangladesh asked the NY Fed — as well as the central bank and money laundering authorities in...
Ecuador’s Banco del Austro and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, and that suit could have an impact on a planned suit by Bangladesh’s central bank. According to Reuters, Banco del Austro’s suit against Wells Fargo was quietly settled...
The Department of Justice in the Philippines has recommended that charges be lodged against a former bank manager who allegedly helped launder millions of dollars that were stolen from the central bank of Bangladesh in 2016. According to a report in Reuters, the DOJ in...
RCBC, the Philippine lender, and a Bangladesh minister are fighting over who is to blame for tens of millions of dollars that were stolen from a New York bank and then disappeared in Manila, with RCBC balking at compensating Bangladesh Bank. In a report by Reuters,...
February 04, 2019
SWIFT global payments network has agreed to help Bangladesh Bank rebuild its infrastructure after hackers stole $81 million in 2016. The funds were stolen when cybercriminals hacked into Bangladesh’s systems and sent fake orders via SWIFT to the NY Fed. While $1 billion was requested, $81 million was eventually sent to accounts at Manila-based Rizal Commercial Banking […]
February 01, 2019
The Federal Reserve Bank of New York announced that it will formally assist Bangladesh Bank in a lawsuit to recover funds stolen by hackers. In 2016, the central bank of Bangladesh...
April 17, 2018
Ecuador’s Banco del Austro and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, and that suit could have an impact on a planned suit by Bangladesh’s...
September 08, 2017
The Department of Justice in the Philippines has recommended that charges be lodged against a former bank manager who allegedly helped launder millions of dollars that were stolen from the...
