Economic Reporter :
Bangladesh Bank (BB) hoped that it would soon recover the money stolen from its reserve account with the Federal Reserve Bank of New York.
“We can now say more firmly that we would be able to recover the hacked money soon as the Philippines anti-money laundering authority made significant progress to this effect,” Subhankar Saha, executive Director and spokesperson of the central bank, told on Thursday.
Without elaborating the progress, he said BB had been maintaining a constant communication with all authorities concerned in the Philippines to gather more and specific information about the hacking.
Earlier, AFM Asaduzzaman, another spokesman for BB, said the central bank had obtained “sufficient proof” that money from its reserve account was electronically diverted to the banks in the Philippines.
BB in a statement on Monday said that Bangladesh’s Financial Intelligence Unit (BFIU) was cooperating with anti-money-laundering agencies in the Philippines to trace funds hacked from a reserve held in the US. It also said that a portion of the hacked money was recovered with the help of authorities in Manila.
Meanwhile, the central bank appointed Rakesh Asthana, a World Bank cybercrime expert, to bolster the probe into its US account hacking. Besides, the BB board decided to hire more experts, if necessary, for recovering the stolen money.
Saha said all the banks in the country were also advised to follow all kinds of cyber-security measures to protect their money deposited with their overseas Nostro accounts.
He also said BB would check the cyber security of the commercial banks to ensure that their security system is foolproof. Details on page-1……
Bangladesh Bank (BB) hoped that it would soon recover the money stolen from its reserve account with the Federal Reserve Bank of New York.
“We can now say more firmly that we would be able to recover the hacked money soon as the Philippines anti-money laundering authority made significant progress to this effect,” Subhankar Saha, executive Director and spokesperson of the central bank, told on Thursday.
Without elaborating the progress, he said BB had been maintaining a constant communication with all authorities concerned in the Philippines to gather more and specific information about the hacking.
Earlier, AFM Asaduzzaman, another spokesman for BB, said the central bank had obtained “sufficient proof” that money from its reserve account was electronically diverted to the banks in the Philippines.
BB in a statement on Monday said that Bangladesh’s Financial Intelligence Unit (BFIU) was cooperating with anti-money-laundering agencies in the Philippines to trace funds hacked from a reserve held in the US. It also said that a portion of the hacked money was recovered with the help of authorities in Manila.
Meanwhile, the central bank appointed Rakesh Asthana, a World Bank cybercrime expert, to bolster the probe into its US account hacking. Besides, the BB board decided to hire more experts, if necessary, for recovering the stolen money.
Saha said all the banks in the country were also advised to follow all kinds of cyber-security measures to protect their money deposited with their overseas Nostro accounts.
He also said BB would check the cyber security of the commercial banks to ensure that their security system is foolproof. Details on page-1……
