Federal Reserve Bank of New York

December 8, 2017
December 8, 2017

BB, NY Fed discuss suing Manila bank for heist damages

Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources say.

July 21, 2016
July 21, 2016

Bangladesh nears recovery of US$81m stolen funds

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.

June 4, 2016
June 4, 2016

NY Fed first rejected cyber-heist transfers, then moved $81m

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.

June 2, 2016
June 2, 2016

US Congress launches probe into BB heist

A US congressional committee launches a probe into the Federal Reserve Bank of New York's handling of the cyber theft of $81 million from one of its accounts held by the central bank of Bangladesh, according to a letter seen by Reuters.

May 30, 2016
May 30, 2016

SWIFT, others blamed in full probe of BB heist

A government-formed committee which investigated the US$101 million heist from Bangladesh central bank’s account with Federal Reserve Bank of New York submits its full report to the finance minister. It has found SWIFT and others responsible for the heist.

May 15, 2016
May 15, 2016

Probe body blames SWIFT for BB heist

Global financial network SWIFT is primarily responsible for the hacking of Bangladesh central bank reserve, says head of the committee probing into one of the biggest cyber-heists in the world. SWIFT was responsible to ensure around 13 security measures for the safety of the system but it did not do so, he adds.

May 11, 2016
May 11, 2016

NY Fed, BB, SWIFT to work jointly

The Federal Reserve Bank of New York, Bangladesh Bank and SWIFT have vowed to work together to recover the $81 million that Bangladesh lost in a reserve heist three months ago.

April 28, 2016
April 28, 2016

BB's instant steps helped avert large scale heist

Bangladesh Bank's prompt actions averted large scale hacking into its account with the New York Fed, Prime Minister Sheikh

April 21, 2016
April 21, 2016

BB heist: Philippines bank RCBC’s treasurer quits

The treasurer of Rizal Commercial Banking Corp of the Philippines resigns amid ongoing investigation on US$81-million money laundering case. The money was stolen on February 4 from Bangladesh Bank's account with Federal Reserve Bank of New York.

April 20, 2016
April 20, 2016

BB cyber heist: 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.